Latest developments in and around the massive 1MDB corruption scandal.

Goldman Sachs may pay below $2 billion to resolve criminal and regulatory probes over its role in raising money for Malaysia’s scandal-ridden 1MDB fund, according to Bloomberg late last week. The newswire cited unnamed sources.

A settlement could be announced as soon as next month, although the terms are not set in stone, the report said.

The report said the US Department of Justice and other federal agencies have considered penalties between $1.5 billion and $2 billion.

Malaysia has charged Goldman and 17 and former directors of its units for allegedly misleading investors over bond sales totaling $6.5 billion which the US bank helped raise for sovereign wealth funds.

The 1MDB saga is international, prompting probes in Singapore, the US and Switzerland. Singapore’s banking regulator has, for instance, kicked out BSI and Falcon Private Bank from operating in that Asian city-state. 

Goldman Sachs was quoted as saying that it continues to cooperate with the regulators’ investigations, but declined to comment further. The Department of Justice also declined to comment, the report said.

For a story along the same lines that came out in October, see here.