KUALA LUMPUR: Senior executives of Goldman Sachs Group Inc have flown in to Malaysia for talks with the government on the recovery of 1Malaysia Development Bhd (1MDB) assets, Malaysia’s finance minister said on Monday.
Finance Minister Tengku Zafrul Abdul Aziz said in a statement that executives from the US investment bank had flown in “this week”, to continue discussions and negotiations with the government.
Malaysian prosecutors have charged Goldman Sachs and 17 current and former directors of its units for allegedly misleading investors over bond sales totalling US$6.5 bil (RM27.7 bil) that the US bank helped raise for sovereign wealth fund 1MDB. – July 20, 2020, Reuters
