Goldman Sachs will pay Singapore US$122 million to settle its role arranging US$6.5 billion worth of bonds for the scandal-plagued 1MDB, said the Attorney-General’s Chambers; Commercial Affairs Department and the Monetary Authority of Singapore in a joint statement on Oct 23.

See also: Goldman's Asian unit fined US$350 mil by Hong Kong over 1MDB scandal

In addition, Goldman Sachs (Singapore) Pte will disgorge US$61 million to Malaysia. This amount is equivalent to the share of fees it earned from arranging the bonds on behalf of the former Malaysian sovereign wealth fund between 2012 and 2013, among other Goldman Sachs units involved.

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