Malaysia Says Goldman Lawsuit Is a Chance to Review 1MDB Deal

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(Bloomberg) -- Malaysia said a lawsuit Goldman Sachs Group Inc. initiated amid festering disagreement involving the multibillion-dollar 1MDB scandal gives...

-- Malaysia said a lawsuit Goldman Sachs Group Inc. initiated amid festering disagreement involving the multibillion-dollar 1MDB scandal gives the country a chance to review a contentious settlement it had previously struck with the bank.What Happens If Trump Can’t Post His $454 Million Bond

As part of a 2020 settlement with Malaysia, Goldman was required to make an interim payment of $250 million if Malaysia didn’t receive at least $500 million of 1MDB assets and proceeds by August 2022, according to Goldman. The US bank has said in public filings that it doesn’t believe an interim payment is required — a position that the Malaysian government disputes, prompting Goldman to initiate the lawsuit.

Amir Hamzah said on Tuesday that the government has paid a total of 48.06 billion ringgit in 1MDB debt as of last year. The only remaining obligation is a 5 billion ringgit sukuk, or Islamic security, maturing in 2039, he said.

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