The Malaysian government questioned Thursday a move by Goldman Sachs to file for arbitration in a dispute connected with the multibilliondollar looting of a sovereign wealth fund. Johari Abdul Ghani heads a task force to recover assets lost from fund known as 1MDB. He said...
KUALA LUMPUR, Malaysia — The Malaysian government questioned Thursday a move by Goldman Sachs to file for arbitration in a dispute connected with the multibillion-dollar looting of a sovereign wealth fund.
Malaysia says Goldman Sachs failed to recover the agreed amount last year and must pay the $250 million. The bank disagreed. Malaysia will respond according to established legal frameworks and ensure the people's interest is safeguarded, Johari added without elaborating.
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