Goldman Sachs granted US exemption to manage pension funds despite 1MDB charges
( August 4, 2021, 17:01 GMT | Official Statement) -- MLex Summary: Goldman Sachs has been granted a five-year exemption from the US Labor Department to maintain its status as a qualified professional asset manager, the bank said in a section of a securities filing addressing 1MDB-related matters. The exemption will allow it to manage worker pension funds despite Goldman's October 2020 deferred prosecution agreement that settled Foreign Corrupt Practices Act conspiracy charges related to its role in the 1MDB embezzlement scandal.Excerpt follows:...
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