Malaysia PM Anwar urges Goldman Sachs to honour 1MDB financial settlement

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Malaysia PM Anwar urges Goldman Sachs to honour 1MDB financial settlement
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KUALA LUMPUR: Malaysian Prime Minister Anwar Ibrahim has urged US investment bank Goldman Sachs Group to honour its settlement amount to the government over its role in the 1Malaysia Development Berhad (1MDB) scandal. In an interview with Bloomberg Television on Monday (Jan 30), Mr Anwar also said th

KUALA LUMPUR: Malaysian Prime Minister Anwar Ibrahim has urged US investment bank Goldman Sachs Group to honour its settlement amount to the government over its role in the 1Malaysia Development Berhad scandal.

"It is there in the books and I think that Goldman Sachs should come out clean and deal with Malaysia,” he said. According to Bloomberg, the settlement was in exchange for Malaysia to drop charges against Goldman Sachs. Malaysia was also reportedly declined to include substantial additional assets in accounting of assets and proceeds recovered.

“It’s not my intention – I’m just new in the game. I just want to settle old scores, in the sense of old commitments that we have made. We have to move on.” "How much we can get, I frankly can't say for now, but it's much more than we should be able to do," he said, adding that governments around the world should act more"responsibly" to assist the asset recovery.

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