Malaysia Drops Goldman Sachs Criminal Charges Over 1MDB

The Wall Street bank in July agreed to pay Malaysia $2.5 billion and guaranteed the recovery of $1.4 billion in assets allegedly stolen from the government investment fundMalaysia has dropped criminal charges against units of Goldman Sachs Group Inc. over the bank’s role in the alleged theft of billions of dollars from a government investment fund, a key step under the terms of a recent $3.9 billion settlement.

Goldman was the main banker for 1Malaysia Development Bhd., or 1MDB, which Malaysia created in 2009 to help spur economic growth. The bank raised billions of dollars for the Malaysian fund, much of which was allegedly stolen by people who worked for the fund, government officials and...

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