Ex-Goldman Sachs president to give to charity to end 1MDB impasse


Former Goldman Sachs president Gary Cohn will donate to charity rather than return past earnings to the investment bank after the 1MDB scandal. – EPA pic, December 11, 2020.

FORMER Goldman Sachs president Gary Cohn will donate to charity rather than return past earnings that the company sought to reclaim after the 1MDB scandal, Goldman said yesterday.

The investment bank in October announced a plan to claw back compensation from former and current bank executives following a US$2.9 billion (RM11.75 billion) criminal settlement with the US Justice Department over the massive international scandal.


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