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Goldman Sachs Group has sued Malaysia in a British arbitration court, as tensions escalate over a settlement agreement on the bank's role in the massive 1MDB corruption scandal. ...
Goldman Sachs has filed a lawsuit against Malaysia in a British arbitration court regarding a settlement agreement related to the 1MDB corruption scandal. The dispute revolves around whether Malaysia has recovered at least $500 million as of August 2022 and whether an interim payment is due. Malaysia's Prime Minister has expressed his intention to review the settlement deal with the bank and potentially sue them.
KUALA LUMPUR (Oct 12): Malaysia’s request for the repatriation of the misappropriated 1Malaysia Development Bhd (1MDB) assets worth RM93.2 million linked to former 1MDB lawyer Jasmine Loo Ai received positive response from the authorities in Singapore and the United States. Bukit Aman Commercial
GEORGE TOWN: The police are committed to investigating the alleged beating of a detainee by two policemen in Klang, says Inspector-General of Police Tan Sri Razarudin Husain.
KUALA LUMPUR: The government will respond to Goldman Sachs’ filing for arbitration against Malaysia in the 1Malaysia Development Bhd (1MDB) settlement dispute in accordance with the established legal frameworks while ensuring that the interest of the Malaysian people is safeguarded.