Malaysia’s Anwar demands more than $600m in reparations from Goldman
By Stefania Palma in Kuala Lumpur
Anwar Ibrahim, the likely future prime minister of Malaysia, has condemned Goldman Sachs’ role in the 1Malaysia Development Berhad scandal as “disgusting” and demanded reparations in excess of the $600m the bank gained in fees from the state investment fund.
Mr Anwar said Goldman should return “significantly more” than the $600m the bank was paid for arranging three bond sales because “it’s a cost to the image of the country, it’s a cost to investments and now it’s a burden shouldered by the government because of the complicity of so many of these so-called credible, renowned financial institutions”.