Malaysia settles 1MDB scandal with Goldman Sachs for $3.9 billion

Malaysia settles 1MDB scandal with Goldman Sachs for $3.9 billion
Malaysia reached a settlement with Goldman Sachs for $3.9 billion over the bank’s role in the 1MDB scandal. (AFP file photo)
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Updated 24 July 2020

Malaysia settles 1MDB scandal with Goldman Sachs for $3.9 billion

Malaysia settles 1MDB scandal with Goldman Sachs for $3.9 billion
  • ‘This settlement represents assets that rightfully belong to the Malaysian people’

KUALA LUMPUR: Malaysia announced Friday that it had reached a settlement with Goldman Sachs for $3.9 billion over the bank’s role in the 1MDB scandal.
Finance minister Tengku Zafrul Abdul Aziz said: “This settlement represents assets that rightfully belong to the Malaysian people. We are confident that we are securing more money from Goldman Sachs compared to previous attempts, which were far below expectations.”