Media Releases
Media Release - Incorrect Media Reporting of Action Against Goldman Sachs (Singapore) Pte
23 October 2020
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Singapore, 23 October 2020. The Attorney-General’s Chambers, Singapore (AGC), Commercial Affairs Department, Singapore Police Force (CAD) and Monetary Authority of Singapore (MAS) pointed out today that the US$122 million to be paid by Goldman Sachs Singapore Pte (GSSP) to the Singapore Government has been incorrectly reported by several media as a ‘fine’ and as being on top of the US$2.9 billion to be paid by the Goldman Sachs Group Inc (GSG) and its affiliates pursuant to the Deferred Prosecution Agreement (DPA) entered into between GSG and the US Department of Justice.