Malaysia would reject a settlement offer of 3 billion USD from Goldman Sachs related to the 1Malaysia Development Bhd (1MDB) financial scandal, said Finance Minister Zafrul Aziz.
Malaysia has filed criminal charges against 17 current and former directors at subsidiaries of the Goldman Sachs Group of the US in a corruption investigation at the 1Malaysia Development Berhad (1MDB) fund, the country’s attorney general said on August 9.
Malaysia has extradited a former Goldman Sachs leader to the US to face criminal charges linked to a multi-billion dollar scandal at Malaysia’s state investment fund, 1Malaysia Development Berhad (1MDB), reported daily financial newspaper The Edge on May 6.
Malaysia said on December 17 that the country has filed criminal charges against Goldman Sachs and two of the US bank's former employees in connection with a corruption and money laundering probe at state fund 1MDB.
Malaysian police on August 24 announced criminal charges against fugitive financier Low Taek Jho, who has been wanted for links with a multi-billion-dollar money laundering scandal at state fund 1Malaysia Development Berhad (1MDB).
ASEAN
