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Malaysia Seeking ‘Full Refund’ From Goldman for 1MDB Deals

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Malaysia Seeking ‘Full Refund’ From Goldman for 1MDB DealsThe Southeast Asian nation should also seek compensation from the bank for ruining Malaysia’s image, Anwar said in parliament Tuesday. Malaysia has been “cheated” by Goldman, Prime Minister Mahathir Mohamad said in a CNBC interview, adding that he’s not ruling out a ban against the bank’s local operations as he observes the ongoing investigations. Finance Minister Lim Guan Eng said on Monday that he’s banking on the firm’s “indirect” admission of wrongdoing and U.S. law against kleptocracy, to help Malaysia recoup fees that include nearly $600 million that it paid Goldman for three 1MDB bond deals.