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Guan Eng: Malaysia seeking up to US$7.5 billion from Goldman Sachs

Malaysia will continue with legal action against Goldman Sachs Group Inc over the 1MDB case although the company is reported to have paid the US Department of Justice to settle the case.

Finance Minister Lim Guan Eng said he had contacted the Attorney-General’s Chambers and was informed the case is expected to be heard in the middle of next year.

“So the case is still ongoing and the Malaysian government is seeking up to US$7.5 billion in reparations from Goldman Sachs for the losses we suffered following the 1MDB scandal.

“This is what we are seeking for and we will proceed with court action,” he told a press conference in Putrajaya today.

According to media reports, Goldman Sachs has to pay between US$1.5 billion and US$2 billion to the US Department of Justice to settle the case.

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