KUALA LUMPUR, Malaysia (AP) — The Malaysian government has questioned a move by Goldman Sachs to file for arbitration in a dispute connected with the multibillion-dollar looting of a sovereign wealth fund. Johari Abdul Ghani, head of a task force to recover assets lost from fund known as 1MDB, said it was too early for arbitration since talks are still underway to resolve the conflict. Under a 2020 deal, Goldman Sachs paid Malaysia $2.5 billion to resolve charges that it was involved in a massive scheme to launder money from the fund. It also promised to help recover $1.4 billion in 1MDB assets. Johari accused the bank of trying to shift attention from its payment obligations.
BE PART OF THE CONVERSATION
ABC 17 News is committed to providing a forum for civil and constructive conversation.
Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here
If you would like to share a story idea, please submit it here.