Goldman Sachs Set To Pay £3.5 Billion In Bonuses.

world's biggest investment bank that is now assailed by accusations of fraud, is poised to reignite controversy over bankers' bonuses by paying its staff more than £3.5 billion for just 3 months' work.

This bumper payout will equate to about £110,000 a head for the firms 32,500 employees worldwide, with a handful of top traders expected to be in line for multi-million-pound bonuses.

Close to £600 million is expected to be paid to the group's 5,500 London based staff for the first 3 months of this year which is on a par with their remuneration in the last year of the boom (2007).

This revelation has come in-spite the fact that Goldman Sachs is preparing for a legal battle with the US government over claims it defrauded investors of $1 billion.

There is a likelihood that both the UK government and the government of Germany will file a charge sheet against them.