Goldman Sachs bankers were accused of helping a Malaysian financier plunder billions of dollars from the 1Malaysia Development Berhad sovereign wealth fund.
later this week, Anwar complimented Malaysian agencies for recovering up to 68% of the total sum absconded during the 1MDB debacle. While he called it an "impressive feat," he said he's "not stopping at that."
"In connection with this guarantee, the firm is also required to make a one-time interim payment of $250 million towards the $1.4 billion if the Government of Malaysia has not received at least $500 million in assets and proceeds by August 2022," the bank highlighted in its earnings report. "If the parties are unable to resolve this dispute, it would be settled by arbitration," Goldman highlighted to CNBC.
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