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Mahathir Seeks to Recover $4.5 Billion 1MDB Funds, Goldman Fees

  • Malaysia leader criticizes U.S. bank’s commission in interview
  • U.S. investigators said billions went missing from 1MDB
Bloomberg business news
Mahathir says Malaysia will seek to recoup funds lost through 1MDB as well as fees paid to Goldman for bond sales.(Source: Bloomberg)
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Malaysia will seek to recoup $4.5 billion of funds that were potentially lost through 1MDB, as well as fees paid to Goldman Sachs Group Inc., according to Prime Minister Mahathir Mohamad.

“We have to prove ownership of the money,” Mahathir, 92, said in an interview with Bloomberg Television’s Haslinda Amin on Friday. “The previous government, in order to avoid accusation of some wrongdoing, decided that the money was not theirs, so they’re not making any claims. But we know the money is ours. It’s from 1MDB.”