Goldman Sachs' former CEO Lloyd Craig Blankfein stands to lose up to US$14.245 million (RM58.3 million) in bonuses over the 1MDB imbroglio, according to the bank's filing with the US Securities and Exchange Commission (SEC).

In the filing, Goldman announced that Blankfein would receive US$20.5 million (RM84 million) in annual compensation for 2018, but US$14.245 million of this, which will be paid in restricted stock units, will be tied to the outcome of the 1MDB case.

Goldman added that the same condition will be imposed on other senior executives, including current CEO David M Solomon.

"In light of the ongoing governmental and regulatory investigations relating to 1MDB, the board also approved a new forfeiture provision that was included in the terms and conditions of the 2018 year-end equity-based awards granted to each of the employees serving as the firm’s senior executives as of Dec 31, 2018.

"This provision will provide the (compensation) committee with the flexibility to reduce the size of the award prior to payment and/or forfeit the underlying transfer-restricted shares, if it is later determined that the results of the 1MDB proceedings would have impacted the committee’s 2018 year-end compensation decisions for any of these individuals," it said.

Blankfein (photo) was appointed the bank’s CEO in 2006, but was replaced in September 2018. He remained as chairperson until the end of 2018.

According to the filing, the approved compensation for Solomon in 2018 totals US$23 million (RM94.2 million), US$15.41 million (RM63.1 million) of which is in the form of restricted stock units.

The restricted stock units can only be sold five years after it is granted.

Goldman also said in the filing it was withholding the outstanding long-term performance incentive plans (LTIP) awards granted in 2011 for retired executives.

"The ongoing governmental and regulatory investigations involving 1MDB relate in part to events that occurred during this performance period, and the committee concluded that it was appropriate to defer its decision under the awards until more information is available."

Goldman was responsible for arranging three bonds for 1MDB between 2012 and 2013 totalling US$6.5 billion (RM26.63 billion) at exorbitant fees.

It was later revealed that proceeds from the funds were subsequently misappropriated by key officials in 1MDB.

Solomon had since apologised for Goldman's role in the deal, but blamed the previous Malaysian government for duping the bank.

The BN government under then prime minister Najib Abdul Razak, who is accused of perpetrating the 1MDB theft, saw its 61 years in power come to an end in the 2018 general election.