SC completes investigation on Goldman Sachs, receives US$3.9b 1MDB settlement

The Securities Commission Malaysia (SC) has completed its investigation on Goldman Sachs International, Goldman Sachs (Asia) LLC and Goldman Sachs (Singapore) Pte for engaging in a scheme to defraud the government and 1MDB through the issuance of three bonds.

The bond issuances are US$1.75 billion 5.99 percent Guaranteed Notes due in 2022 issued by 1MDB Energy Ltd; US$1.75 billion 5.75 percent Guaranteed Notes due in 2022 issued by 1MDB Energy (Langat) Ltd; and US$3 billion 4.40 percent Notes due in 2023 issued by 1MDB Global Investments Ltd...