Goldman Sachs said it has sued the government of Malaysia over disputed payments that the Wall Street bank argued were not being recognised as part of its 2020 settlement over the 1MDB money-laundering scandal.
The complaint marks the latest chapter in Goldman’s role in the multibillion-dollar embezzlement scheme involving Malaysian state investment fund 1MDB, one of the largest financial crimes of all time and the most painful experience in Goldman’s recent history.
“Today, we filed for arbitration against the government of Malaysia for violating its obligations to appropriately credit assets against the guarantee provided by Goldman Sachs in our settlement agreement and to recover other assets,” Goldman said in a statement.
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