CrimeMalaysia's 1MDB task force calls Goldman arbitration move 'premature'
Government, investment bank at odds over promised $500m repayment
Goldman Sachs and Malaysia's government are locked in a legal wrangle over a financial settlement related to the massive 1MDB sovereign wealth fund scandal. (NIKKEI montage/Source photos by AP and Getty)
NORMAN GOH, Nikkei staff writer
October 12, 2023 18:44 JST
KUALA LUMPUR -- Malaysia on Thursday said Goldman Sachs' filing for arbitration proceedings against the government is an attempt to "detract and divert attention" from an obligation to pay it $500 million as part of a settlement over sovereign wealth fund 1Malaysia Development Berhad (1MDB).