By Liz Hoffman

Goldman Sachs Group Inc. is seizing tens of millions of dollars from top executives after agreeing to a costly settlement to resolve multiple government investigations into its role in a Malaysian bribery scandal.

The Wall Street firm will recoup money from Chief Executive David Solomon, his predecessor Lloyd Blankfein, and other current and former executives, people familiar with the matter said, as it prepares to admit to compliance lapses in its dealings with a corrupt Malaysian investment fund, known as 1MDB.

(END) Dow Jones Newswires

October 22, 2020 11:35 ET (15:35 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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