 "Traffic passes a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia")
Malaysia is seeking a full refund of all the fees it paid to Goldman Sachs for arranging billions of dollars of deals for troubled state fund 1MDB, said Finance Minister Lim Guan Eng.
Goldman has "admitted culpability" after former banker Tim Leissner entered a guilty plea for his role in the scandal, Lim said in a Monday (Oct 12) interview with radio station BFM.
Lim is banking on the firm's "indirect" admission of wrongdoing and US law against kleptocracy, to help Malaysia recoup fees that include nearly US$600 million (S$829.7 million) that it paid Goldman for three bond deals.
"I would be happy
