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US calling for Goldman Sachs guilty plea in 1MDB scandal: report

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THE US Justice Department is calling for Goldman Sachs to plead guilty for its role in the massive corruption scandal involving Malaysian investment fund 1MDB, Financial Times reported on Wednesday.

That recommendation applies to any settlement between Goldman Sachs and US or state authorities, newspaper reported, citing unnamed sources.

It would be the toughest penalty the Justice Department could impose, as it potentially could affect the financial giant’s license and ability to conduct business.

SEE ALSO: Goldman Sachs ‘cheated’ Malaysia on 1MDB, says........

© Asian Correspondent