Goldman Sachs settles 1MDB scandal for $3.9bn July 24, 2020

from World Business Report· ·

It's been called one of the biggest financial frauds in history - $4.5bn was allegedly stolen from Malaysia's state investment fund, 1MDB. Goldman Sachs has now reached a $3.9bn settlement with Malaysia over its role in the scandal and we hear from Bradley Hope of the Wall Street Journal, co-author of "Billion Dollar Whale". Coronavirus has forced Disney to shelve three of this year's biggest film releases, so what will that do to its bottom line? We get the details from Georg Szalai, international business editor at The Hollywood Reporter. Wool prices have nearly halved in just the past two …



It's been called one of the biggest financial frauds in history - $4.5bn was allegedly stolen from Malaysia's state investment fund, 1MDB. Goldman Sachs has now reached a $3.9bn settlement with Malaysia over its role in the scandal and we hear from Bradley Hope of the Wall Street Journal, co-author of "Billion Dollar Whale". Coronavirus has forced Disney to shelve three of this year's biggest film releases, so what will that do to its bottom line? We get the details from Georg Szalai, international business editor at The Hollywood Reporter. Wool prices have nearly halved in just the past two years and coronavirus has added to the industry's woes; Gareth Jones, marketing manager for British Wool, tells us more. The US privatised healthcare system is under pressure like never before because of the pandemic, so is it time to switch to a system of universal health care? The BBC’s Ed Butler has been finding out.