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Report: US could fine Goldman Sachs up to $2B over 1MDB scandal

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Report: US could fine Goldman Sachs up to $2B over 1MDB scandal

The U.S. Justice Department and other federal agencies may impose $1.5 billion to $2 billion in penalties on Goldman Sachs Group Inc. in relation to the 1Malaysia Development Berhad scandal, Bloomberg News reported, citing three people familiar with the negotiations.

A settlement could be announced by next month, but the terms have yet to be finalized, according to the report.