He told CNBC the issue was complex and a lawsuit in the United States would cost the government a fortune. Read more at straitstimes.com.
KUALA LUMPUR – Prime Minister Anwar Ibrahim said he may consider a lawsuit against Goldman Sachs Group over its role in the multi-billion dollar scandal involving 1Malaysia Development Berhad, according to an interview with CNBC.
“So there is of course discussions on that score, there are other routes to be taken. And I’m not discounting the possibility of proceeding again the issue of lawsuits,” Mr Anwar said in the interview, excerpts of which were aired on Monday. State development fund 1MDB became the centre of a multi-billion dollar scandal that spawned probes in Asia, the US and Europe. Goldman Sachs in 2020 admitted to its role in the biggest foreign bribery case in US enforcement history, reaching multiple international settlements in the billions of dollars to end probes into its fundraising for 1MDB.
The settlement announced by the previous administration in 2020 called for Goldman Sachs to pay US$2.5 billion while guaranteeing the return of US$1.4 billion of 1MDB assets seized by authorities around the world, in exchange for Malaysia dropping charges against the bank.
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