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PM: DOJ will help return money Goldman charged for 1MDB dealings

Prime Minister Mahathir Mohamad said today that US prosecutors have promised to help return money that Goldman Sachs charged for its dealings with 1MDB.

The investment bank has been under scrutiny for its role in helping raise funds through bond offerings for the state investment firm, which is the subject of corruption and money-laundering investigations in at least six countries.

The US Department of Justice has said about US$4.5 billion was misappropriated from 1MDB, including some money that Goldman helped raise, by high-level officials of the fund and their associates from 2009 through 2014.


Read more: Mahathir: Goldman Sachs 'cheated' Malaysia over 1MDB


US prosecutors filed criminal charges against two former Goldman Sachs bankers earlier this month.

Asked if he had officially requested the DOJ to help return money that Goldman charged for its dealings with 1MDB, Mahathir said: “It takes a little bit of time, but they (DOJ) have promised that they will give back the money.”

He was speaking on the sidelines of a speech he delivered in Singapore.

Bankers at Goldman Sachs Group “cheated” Malaysia in dealings with state fund 1MDB, Mahathir said in an interview with US news channel CNBC aired earlier today.

- Reuters

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