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Malaysia seeks $7.5 bn in reparations from Goldman Sachs: Financial Times

Goldman Sachs has consistently denied wrongdoing and said certain members of the former Malaysian government and 1MDB lied to the bank about the proceeds of the bond sales

Reuters  |  Kuala Lumpur 

Malaysia is seeking $7.5 billion in reparations from Goldman Sachs Group Inc (GS.N) over its dealings with scandal-linked state fund 1MDB, the Financial Times (FT) reported on Friday, citing the finance minister. Separately, Bloomberg reported that Singapore had expanded its criminal investigation of 1MDB to include Goldman Sachs, in a sign of increasing scrutiny of the bank’s role in the suspected multi-billion-dollar money laundering scheme. Malaysian prosecutors this week filed charges against Goldman Sachs in connection with its role as underwriter and arranger of three bond sales ...

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First Published: Sat, December 22 2018. 20:01 IST
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