Goldman Sachs arbitration move may ‘backfire’ on Muhyiddin, report claims

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Goldman Sachs arbitration move may ‘backfire’ on Muhyiddin, report claims
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CNA cites Roger Ng’s repatriation and ‘raids’ conducted by MACC as favourable ‘breakthroughs’ for the government.

Goldman Sachs sued the government in a UK court on Wednesday, claiming ‘festering disagreement’ over a settlement deal struck previously.

That suit may trigger the current government, led by Prime Minister Anwar Ibrahim, to declassify the agreement as an official secret, the CNA report claimed, following “growing sentiment” within Anwar’s administration that its terms were unfavourable to the country. It said former Goldman Sachs banker Roger Ng, who returned to Malaysia on Sunday following a deal struck with the US authorities, has pledged to provide the government with “previously undisclosed information” relating to 1MDB.

On Saturday, FMT reported that MACC officers had “visited” the offices of Rosli Dahlan Sarvana as part of an undisclosed investigation, but that no documents were seized. In December 2018, the government, then led by former prime minister Dr Mahathir Mohamad, announced that Malaysia intended to seek US$7.5 billion in reparations from Goldman Sachs over the controversial bond deal arranged by the bank in 2012 and 2013.

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