Goldman Sachs Charged in Foreign Bribery Case and Agrees to Pay Over $2.9 Billion

Written by on October 23, 2020

Acting Assistant Attorney General Brian C. Rabbitt announced the Goldman Sachs Group Inc. admitted to conspiring to violate the Foreign Corrupt Practices Act (FCPA) in connection with a scheme to pay over $1 billion in bribes to Malaysian and Abu Dhabi officials to obtain lucrative business for Goldman Sachs.

Goldman Sachs will pay over $2.9 billion as part of a coordinated resolution with criminal and civil authorities in the United States, the United Kingdom, Singapore and elsewhere.

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