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Goldman’s 1MDB Case in Malaysia to Be Moved to Higher Court

  • Prosecutors will apply for the case transfer on Oct. 22
  • Goldman is seeking to resolve its entanglement with 1MDB
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Ibrahim Suffian of Merdeka Center for Opinion Research talks about the 1MDB-linked case against Goldman Sachs.(Source: Bloomberg)

Malaysia is seeking to move the 1MDB-linked case against Goldman Sachs Group Inc. to a higher court.

Authorities will apply to transfer the case to the High Court, from a magistrate court currently, on Oct. 22, prosecutor Aaron Paul Chelliah said Monday. The order came from the Attorney-General’s Chambers, which didn’t specify its reasons, he said, adding that such a move is usually due to the seriousness of the case.