Malaysia considering seeking return of Goldman Sachs' 1MDB fees

KUALA LUMPUR (June 8): Malaysia is considering asking the U.S. Department of Justice (DoJ) to get Goldman Sachs to return nearly US$600 million in fees it earned from bonds raised for scandal-tainted 1Malaysia Development Berhad (1MDB), two sources familiar with the matter said on Friday.

Malaysia is scrambling to bring home billions of dollars allegedly siphoned off from 1MDB, a state fund founded by ex-premier Najib Razak, who lost a general election last month.

His successor, Prime Minister Mahathir Mohamad, said Malaysia is also seeking to arrest financier Low Taek Jho, a central figure in the scandal who advised on investments and negotiated deals for 1MDB.

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