Goldman Sachs sues Malaysia as 1MDB settlement dispute escalates

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Goldman Sachs sues Malaysia as 1MDB settlement dispute escalates
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The Hong Kong star – who dined at the restaurant over the weekend – was joined by fellow actors Raymond Wong, Chrissie Chau and Cheung Siu Fai.

PETALING JAYA : Goldman Sachs Group Inc took the unusual step of suing Malaysia in a United Kingdom court amid festering disagreement over a settlement tied to its role in the 1MDB investment-fund scandal.

The complaint was filed Wednesday 0in the London International Court of Arbitration, a person familiar with the matter said. As part of the 2020 settlement with Malaysia, Goldman made an initial US$2.5bil payment in September of that year. It also guaranteed the return of US$1.4bil of 1MDB assets seized by authorities worldwide in exchange for Malaysia agreeing to drop criminal charges against the firm and to not bring new ones.

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