Examining Goldman Sachs’ Role in a Malaysian Corruption Scandal


In October 2020, the investment bank Goldman Sachs agreed to pay nearly USD 5 billion in penalties after criminal charges revealed that the bank’s Malaysian unit had enabled bribery and corruption at the 1Malaysia Development Berhad (1MDB) wealth fund. This case covers the details of the scandal and asks students to discuss the punitive measures taken against the bank.

This case was prepared for inclusion in SAGE Business Cases primarily as a basis for classroom discussion or self-study, and is not meant to illustrate either effective or ineffective management styles. Nothing herein shall be deemed to be an endorsement of any kind. This case is for scholarly, educational, or personal use only within your university, and cannot be forwarded outside the university or used for other commercial purposes.

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