How much did Goldman Sachs earn from 1MDB bond dealings?

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Goldman Sachs Earned US$588 Million in Fees from 1MDB Bond Dealings

Goldman Sachs generated approximately US$588 million (RM2.4 billion) in fees from its involvement in raising bonds for 1Malaysia Development Bhd (1MDB). These fees were associated with bond issuances totalling US$6.5 billion (RM23.29 billion) conducted in 2012 and 2013. Finance Minister Lim Guan Eng has formally requested that Goldman Sachs return these earnings to Malaysia.
Fees for Bond Underwriting

The American investment bank was compensated with US$588 million in fees for its role in underwriting three separate bond issuances for 1MDB. These transactions, which raised a total of US$6.5 billion, occurred across 2012 and 2013.
Call for Fee Repayment

Lim Guan Eng has publicly stated that Goldman Sachs must repay the US$588 million in fees. He indicated that the consequential losses incurred by Malaysia due to these dealings far exceed the amount of the fees paid.
Admission of Employee Misconduct

The chief executive officer of Goldman Sachs, David Solomon, has acknowledged that employees of the bank violated company policies and broke the law in their dealings with 1MDB. This admission has been cited as a basis for the demand for fee repayment.
Legal Consequences for Former Banker

In relation to the 1MDB scandal, former Goldman Sachs banker Tim Leissner pleaded guilty to charges including conspiracy to launder money and conspiracy to violate the Foreign Corrupt Practices Act. He has agreed to forfeit US$43.7 million (RM181.8 million) as part of his plea agreement.

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How much did Goldman Sachs earn from 1MDB bond dealings?

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