Goldman Sachs Group has sued Malaysia in a British arbitration court, as tensions escalate over a settlement agreement on the bank’s role in the massive 1MDB corruption scandal.
Malaysian and U.S. authorities say $4.5 billion was stolen from the now-defunct Malaysian fund 1Malaysia Development Bhd (1MDB) in an elaborate scheme that spanned the globe and implicated former Malaysian Prime Minister Najib Razak, Goldman staff and high-level officials elsewhere.
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