Malaysia and Goldman Sachs restart talks in last-ditch bid to reach 1MDB settlement

The resumption of the talks with Goldman Sachs represents a major breakthrough in Malaysia's 1MDB asset recovery campaign. - Reuters

SINGAPORE/ KUALA LUMPUR, July 20 (The Straits Times/ANN): The Malaysian government and international banking giant Goldman Sachs will resume talks this week in Kuala Lumpur in a final attempt between both parties to hammer out a multi-billion dollar financial settlement over the fiasco at state-owned 1Malaysian Development Bhd (1MDB).

Top level US executives from Goldman Sachs and members of their legal team arrived on Saturday (July 18) - after obtaining special Malaysian government approval due to strict coronavirus travel restrictions - for the talks with the special task force for the 1MDB recovery campaign led by Attorney-General Idrus Harun.