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Malaysia 1MDB scandal: Goldman Sachs lawyers linked to settlement deal still being probed for alleged corruption
- As part of the 2020 settlement with Malaysia, Goldman made an initial US$2.5 billion payment in September of that year
- Malaysian Prime Minister Anwar Ibrahim said earlier this year that he wants to review the settlement his predecessor struck with Goldman
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Malaysia says it’s still probing lawyers who worked on a 2020 settlement with Goldman Sachs Inc. over the diversion of assets from state wealth fund 1MDB, though it’s halting a legal bid to obtain documents related to the deal.
The Malaysian Anti-Corruption Commission (MACC) had withdrawn the court application to obtain documents from the lawyers as they were not needed for now, Deputy Public Prosecutor Mahadi Abdul Jumaat told reporters on Wednesday.
The investigation remains ongoing and “we may still ask for other documents at a later stage,” he said.
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The anti-corruption body filed the application on October 11 amid festering disagreement between Malaysia and Goldman over the settlement related to the US bank’s role in the 1MDB investment-fund scandal.
11:20
The legacy of Malaysia’s 1MDB scandal on politics and corruption-fighting
The legacy of Malaysia’s 1MDB scandal on politics and corruption-fighting
Malaysian Prime Minister Anwar Ibrahim said earlier this year that he wants to review the settlement his predecessor struck with Goldman, describing it as “too light”. Goldman in turn took Malaysia to a UK court for “violating its obligations.”
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