Goldman Sachs agrees to pay Malaysia RM16.6 billion as settlement for 1MDB case


By Adrian Lim

KUCHING, July 24: Malaysia has reached a settlement amount of RM16.6 billion with investment banking firm Goldman Sachs for outstanding charges and claims linked to the case of 1Malaysia Development Bhd (1MDB).

Prime Minister Tan Sri Muhyiddin Yassin in a press statement today said Goldman Sachs had agreed to pay Malaysia that amount to settle the 1MDB case.

With the settlement, Muhyiddin said the total recovered funds from 1MDB as to date was RM19 billion.

He stated that the amount included the money returned by the US Department of Justice.


“The federal government is committed to recover all the assets which are linked to the 1MDB case and claims against individuals who are connected to the 1MDB scandal.

“I would like to extend my appreciation to the Finance Ministry, Attorney General of Malaysia, Securities Commission, Malaysian Anti-Corruption Commission, National Financial Crime Centre (NFCC) and the negotiation team for reaching the settlement.

“It is an achievement to recover the assets belonging to Malaysians,” he said. —DayakDaily