Goldman Sachs bankers were accused of helping a Malaysian financier plunder billions of dollars from the 1Malaysia Development Berhad sovereign wealth fund.
later this week, Anwar complimented Malaysian agencies for recovering up to 68% of the total sum absconded during the 1MDB debacle. While he called it an "impressive feat," he said he's "not stopping at that."
"In connection with this guarantee, the firm is also required to make a one-time interim payment of $250 million towards the $1.4 billion if the Government of Malaysia has not received at least $500 million in assets and proceeds by August 2022," the bank highlighted in its earnings report. "If the parties are unable to resolve this dispute, it would be settled by arbitration," Goldman highlighted to CNBC.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Goldman Sachs names 6 electric vehicle stocks set to beat the 'intense competition'Competition in the electric vehicle industry is getting fiercer. Goldman sees two groups of companies prevailing, naming six such stocks.
Weiterlesen »
Goldman says these stocks have the most upside, even as markets become choppyGoldman Sachs says buy these stocks to ride out the market choppiness.
Weiterlesen »
LGBTQ fears grow in Malaysia as Islamists shatter reform hopesArtist Carmen Rose used to perform regularly in Malaysia, until a police raid last year put an end to the veteran drag queen's act and fuelled the fears of the LGBTQ community at a time when Islamists are rapidly gaining political clout.
Weiterlesen »