Posted inAT FinanceMalaysia

US, Malaysia in a 1MDB quid pro quo

When Malaysian authorities filed criminal charges in December against Goldman Sachs’ employees and subsidiaries for alleged misconduct in their dealings with the 1Malaysia Development Berhad (1MDB) state investment fund, they sought from the outset to exact a high price. Finance Minister Lim Guan Eng declared soon thereafter that Malaysia would seek a whopping US$7.5 billion […]