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Goldman Sachs Wants Execs to Return $174M Following Corruption Scandal

Goldman Sachs is seeking to retrieve $174 million from current and former executives following the firm’s agreement on a $2.8 billion settlement connected to a Malaysian corruption scandal. So reports Forbes.

Goldman SachsGoldman Sachs had raised $6.5 billion for a Malaysian-owned investment fund, but much of that money was allegedly swiped by the fund’s manager with help from two Goldman employees. The money was used to purchase real estate and luxury items.

Goldman’s board called the scandal “an institutional failure, inconsistent with the high expectations it has for the firm.”

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