LONDON, Oct 12 ― Goldman Sachs Group sued Malaysia in a UK court yesterday, as tensions escalate over a settlement agreement on the bank's role in the multi-billion...
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The Goldman Sachs company logo is on the floor of the New York Stock Exchange in New York July 13, 2021. Goldman Sachs Group sued Malaysia in a UK court yesterday. ― Reuters file picLONDON, Oct 12 ― Goldman Sachs Group sued Malaysia in a UK court yesterday, as tensions escalate over a settlement agreement on the bank's role in the multi-billion dollar 1Malaysia Development Berhad corruption scandal.
The two parties disagreed over whether Malaysia recovered at least US$500 million as of August 2022 and whether any interim payment was due, Goldman has said.
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