SEC hits politically powerful Goldman Sachs with $2.9B bribery fine, Former CEO Blankfein must concede millions



Beginning in 2012, former senior employees of Goldman Sachs used a third-party intermediary to bribe high-ranking government officials in Malaysia and the Emirate of Abu Dhabi, the SEC says. These bribes let the company obtain business from 1MDB, a Malaysian government-owned investment fund, including underwriting approximately $6.5 billion in bond offerings.

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