1MDB scandal: Malaysia PM Anwar tells Goldman Sachs to pay up on settlement
- PM wants the US Wall Street firm to honour its settlement for its role in sovereign state fund multibillion-dollar scandal that spawned probes in Asia, US, Europe
- ‘My only appeal is for them to settle this deal with Malaysia because 1MDB is known throughout the world,’ Anwar Ibrahim said
Malaysian Prime Minister Anwar Ibrahim demanded that Goldman Sachs Inc honour its settlement with the government for its role in the 1MDB scandal, saying the Wall Street firm should not use its financial strength to dictate terms.
The abuse of the sovereign state fund was made possible because of “complicity” from institutions such as Goldman Sachs, Anwar told Bloomberg Television’s Haslinda Amin in his first interview with international media since becoming prime minister.
“My only appeal is for them to settle this deal with Malaysia because 1MDB is known throughout the world,” Anwar said on Monday in Singapore. “It is there in the books and I think that Goldman Sachs should come out clean and deal with Malaysia.”
State development fund 1MDB became the centre of a multibillion-dollar scandal that spawned probes in Asia, the US and Europe.
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The Malaysian government in 2018 turned its attention to Goldman Sachs for its work raising US$6.5 billion in 2012 and 2013 for 1MDB, formally known as 1Malaysia Development Bhd.