KUALA LUMPUR -- Malaysia and global investment bank Goldman Sachs are working toward a multibillion-dollar settlement related to the scandal that engulfed defunct state fund 1Malaysia Development Berhad, with a source describing the talks as a shift in the government's approach following Prime Minister Muhyiddin Yassin's rise to power.
Confirming media reports earlier this week, people close to the discussions told the Nikkei Asian Review that a team representing Goldman Sachs Chairman and CEO David Solomon was in Malaysia to restart negotiations with the Finance Ministry, after a four-month hiatus due to the country's coronavirus lockdown.
