GOLDMAN SACHS’ ROLE IN 1MDB SCANDAL
THE CLAW BACK PLAN

In October, Goldman pledged to reclaim $174 million from current and former top executives involved in the 1MDB scandal to recoup some money for the bank and to hold executives accountable.

Of the total, Goldman is seeking to claw back :
  1. Timothy Leissner
  2. Roger Ng
  3. Andrea Vella

However, the bank has failed to persuade former president Gary Cohn to return over $10 million he received in pay. According to Bloomberg, Cohn is having “very constructive conversations with Goldman Sachs” on the matter but there is little that the bank can do if Cohn simply refuses or offers up a discounted sum.

Cohn reportedly cashed out all his long-term Goldman bonuses when he was appointed as an economic advisor to the Donald Trump administration.

Gary Cohn, Goldman Sachs Group Inc president and chief operating officer, arrives for a meeting at Trump Tower to speak with U.S. President-elect Donald Trump in New York, U.S., November 29, 2016. REUTERS/Lucas Jackson