Malaysia Seeks $7.5 Billion in Reparations From Goldman Sachs: FT

Malaysia Seeks $7.5 Billion in Reparations From Goldman Sachs: FT
A financial professional works in the Goldman Sachs booth on the floor of the New York Stock Exchange April 16, 2010 in New York City. Chris Hondros/Getty Images
Reuters
Updated:

KUALA LUMPUR—Malaysia is seeking $7.5 billion in reparations from Goldman Sachs Group Inc. over its dealings with scandal-linked state fund 1MDB, the Financial Times (FT) reported on Dec. 21, citing the finance minister.

Separately, Bloomberg reported that Singapore had expanded its criminal investigation of 1MDB to include Goldman Sachs, in a sign of increasing scrutiny of the bank’s role in the suspected multi-billion-dollar money laundering scheme.