Goldman Sachs Bankers ‘Cheated’ Malaysia Over 1MDB: PM Mahathir

Goldman Sachs Bankers ‘Cheated’ Malaysia Over 1MDB: PM Mahathir
A view of the Goldman Sachs stall on the floor of the New York Stock Exchange on July 16, 2013. Brendan McDermid/Reuters
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KUALA LUMPUR/SINGAPORE—Malaysian Prime Minister Mahathir Mohamad said bankers at Goldman Sachs Group Inc “cheated” the country in dealings with state fund 1MDB and that U.S. authorities have promised to help return the fees the Wall Street bank earned from the fund.

The U.S. investment bank has been under scrutiny for its role in helping raise funds through bond offerings for 1Malaysia Development Bhd (1MDB), which is the subject of corruption and money-laundering investigations in at least six countries.