Goldman Sachs has been slapped with penalties in the US to the tune of $2.9bn, after pleading guilty to crimes linked with the 1MDB scandal. The bank will also claw back compensation worth $174m from both past and current executives as a result.
For some insight on whether this admission of guilt will actually affect Goldman Sachs, as well as thoughts on its effect on the ongoing 1MDB trial, BFM speaks to P Gunasegaram, editorial consultant for news portal The Vibes and author of the book 1MDB: The Scandal That Brought Down A Government.
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