The Americans are an inventive lot.
They just love to muck around with language. The vocabulary is readily changed in order to suit their own political agenda.
Goldman Sachs Group sued Malaysia in the London Court of International Arbitration on Wednesday amid rising tensions over a settlement agreement reached in connection with the bank’s role in the multibillion-dollar corruption scandal at state fund 1MDB.
The lawsuit comes less than two months after Malaysian Prime Minister Anwar threatened to take Goldman to court.
The two sides are in disagreement over the 2020 deal, in which Goldman Sachs had agreed to pay $3.9 billion to settle Malaysia's criminal probe over their role in the scandal.
On Thursday, Malaysia’s 1MDB task force chairperson Johari Abdul Ghani described the bank’s move to arbitration as “premature”, because the “parties are still considered to be in the amicable good faith discussions stage”.
Authorities in Malaysia and the United States say $4.5 billion was stolen from the now-defunct fund in an elaborate scheme that spanned the globe and implicated former Malaysian Prime Minister Najib Razak, Goldman executives and senior officials elsewhere.
Najib is presently serving a 12-year prison term for his part in misappropriating RM42 million from SRC International which are linked to 1MDB, while Goldman Sachs’s former partner and Southeast Asia chief Tim Leissner agreed to work with prosecutors in the US after pleading guilty in 2018 to money laundering and bribery charges. His Malaysian-based former colleague, Roger Ng, was sentenced to 10 years in prison on similar charges.
No comments:
Post a Comment