Goldman Sachs will pay $ s3.9 billion after getting involved in a corruption case

The case in question came through the state investment fund 1Malaysia Development Berhard a scandal known as 1MDB.

The friendly settlement with the US bank was announced by the Malaysian Ministry of Finance , after long negotiations.

"This agreement represents assets that fully belong to the people of Malaysia" stressed the Minister of Finance, Tengku Zafrul Abdul Aziz, who said he was satisfied with the Amounts Obtained.

Billions of dollars were diverted from the sovereign wealth fund 1Malaysia Development Berhad (1MDB) - a government-led strategic development firm - in a fraud that allegedly involved the former Prime Minister Najib Razak .

The fraud, of planetary dimensions, caused the fall of the head of government .

Goldman Sachs was accused by Malaysia of having aided the diversion of money by organizing bond issues for a total of $ 6.5 billion, for which the investment bank would have charged a commission of $ 600 million .

The agreement reached provides for the delivery of US $ 2,500 million and a guarantee that at least 1,400 million of the diverted funds will be recovered, the ministry indicated.

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