'Inexcusable' if Goldman were complicit in 1MDB scandal, says Anwar

Lester Mason
November 7, 2018

Goldman Sachs Group Inc Chief Executive Officer David Solomon said he felt "horrible" about the role former bank employees played in the scandal surrounding Malaysia's 1MDB fund.

In an interview with Bloomberg Television at the New Economy Forum in Singapore, Anwar said discussions are under way to recover money from financial institutions including Goldman.

Effective July 2018, access to full reports will only be available with a subscription.

USA prosecutors announced last week that Tim Leissner, former partner for Goldman Sachs in Asia, had pleaded guilty to conspiracy to launder money and conspiracy to violate the Foreign Corrupt Practices Act, and agreed to forfeit US$43.7 million (RM181.9 million).

Leissner, former partner for Goldman Sachs in Asia, had pleaded guilty to conspiracy to launder money and conspiracy to violate the Foreign Corrupt Practices Act.

At least three Goldman bankers were implicated by the US Department of Justice in a multiyear criminal enterprise that included bribing officials in Malaysia and elsewhere and laundering hundreds of millions of dollars.

"We need to go through due process, but if they (Goldman Sachs) are prepared to negotiate, they need to return (the money)".


Prime Minister Tun Dr Mahathir Mohamad said Malaysia will look into why Goldman was paid around US$600 million in fees, an amount that critics say exceeds normal levels.

He also said it would be "inexcusable" if Goldman were complicit in the scandal surrounding the state investment company, levying among the harshest and most direct criticism of the USA bank so far by a Malaysian politician.

"They must understand that to be complicit in the excesses and crime is inexcusable and, in the process, the country and the people suffer", Mr Anwar said, when asked whether he plans to meet Goldman executives attending the forum.

Speaking to Bloomberg Television's chief worldwide correspondent Haslinda Amin in an exclusive interview, the PKR president-elect said the Malaysian government must get hold of every sen that has been taken out of the country by either government leaders or co-conspirators.

The Wall Street bank said in a securities filing on Friday that it may also face penalties from dealings with 1MDB. "Global financial institutions, and Goldman Sachs of course, so many others", he told the audience.

"I think the lesson that we have learned - first, bring back order to our house, bring back good governance".

Other reports by Iphone Fresh

Discuss This Article

FOLLOW OUR NEWSPAPER