Malaysia Seeks Talks With Goldman to Get $600 Million and More
- Initial discussions have started with U.S. Justice Department
- Malaysia seeks “full refund” from Goldman for 1MDB deals
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Malaysia is seeking direct talks with Goldman Sachs Group Inc. to recoup more than $600 million the bank earned from raising funds for troubled state fund 1MDB, the country’s leader-in-waiting Anwar Ibrahim has confirmed.
Goldman has lost $11 billion from its market value since Ibrahim said on Nov. 12 that the country is seeking a “full refund” of what the bank made for arranging bond sales for scandal-ridden 1MDB. Anwar expects that market pressure will be enough to push the lender to come to the negotiating table but notes a lawsuit is a second option.