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Al Jazeera
Al Jazeera
Politics

Why is Goldman Sachs suing Malaysia over 1MDB scandal?

1MDB Goldman Sachs Malaysia Najib Razak United States Tim Leissner DOJ Anwar Ibrahim Jho Low Roger Ng
The Department of Justice in the US found billions had been siphoned from 1MDB [File: James Lawler Duggan/Reuters]

The United States investment bank Goldman Sachs has sued Malaysia in a London arbitration court amid rising tension over a settlement deal reached in connection with the bank’s role in the multibillion-dollar corruption scandal at state fund 1MDB.

Three years ago, New York-based Goldman Sachs agreed to pay $3.9bn to settle Malaysia’s criminal probe over the bank’s role in the scandal.

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