Malaysia govt 'open' to dropping 1MDB charges against Goldman Sachs

The Goldman Sachs Group Inc. logo is displayed in the reception area of the One Raffles Link building, which houses one of the Goldman Sachs (Singapore) Pte offices, in Singapore, on Saturday, Dec. 22, 2018. Photographer: Nicky Loh/Bloomberg

Goldman Sachs has been negotiating with the Malaysian authorities to drop criminal charges against three of its subsidiaries in connection with three bond issues by 1Malaysia Development Berhad, or 1MDB.

The government is seeking $3.3 billion in compensation from the U.S. investment bank, accusing it of helping a Malaysian businessman loot the state-backed fund.

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