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A former Goldman Sachs investment banker has been convicted in the United States for his role in a bribery and money laundering scheme connected to the development and financing of a major power plant in Ghana. The conviction follows a federal trial in which prosecutors presented evidence that the banker used his position, financial expertise and international connections to facilitate payments to Ghanaian public officials while concealing the movement and purpose of the fund

A federal court filing in Manhattan has disclosed that Goldman Sachs has agreed to pay $500 million to resolve a major class action brought by institutional shareholders. The litigation arose from claims that the bank misled its own investors about its conduct connected to the 1MDB matter and the extent of its operational involvement with the Malaysian state investment development structure. The action was initiated by a group of institutional investors, including a signi