Malaysia ups pressure on Goldman for return of fees

Malaysia is stepping up pressure against Goldman Sachs Group Inc. as Finance Minister Lim Guan Eng said the country is seeking a full refund of all the fees it paid for 1MDB deals.

The bank has been under scrutiny for years for its role in raising $6.5 billion for 1MDB and for the fees and commissions it earned from the bonds.

[dragonhero]

Very good because Malaysia is coming back as Asian tiger

[kcl]

Way to go LGE. How about those UMNO thieves? Need them to give back the money also

[ifuknjk]

basic understanding banks or financial institutions MUST GET GOVT.'s APPROVAL 2 DO BUSINESS in malaysia...why allow sachs or any bank 2 do business with the govt. if they r corrupt or unprofessional... ???? just take their licences to do business n they r OUT.... banks n these institutions r bigger than governments... they r selling a service not rubber or palm oil....

[cbnighthawk]

If Goldman Seks were to give back the money, it would close shop within a couple of years.

[steventeoh]

How many 1MDB questions ? Getting boring of it, can we let the AG and relevant do the necessary and questions on the economy growth etc?

[elicohencohen]

All the assets of the criminals involved in criminal activities should be seized.Go locally first, tangkap yand Ada terlibat dalam jeneyah Dan rasuah, Salah guna kuasa, rampas aje.

[masonconstructionsdnbhd]

i wonder what is the comment from former pm this time

[hangtuah]

The government should be able to recover the fees paid as it was a case of outright unjust enrichment under common law. So no question that the fees cannot be recovered. It does not need to be the DOJ effort as if Goldman Sacs is aware and should be awared, it is unjust enrichment in equity.

[sivaganti]

Just throwing blame on bunch of employs is not enough. when coming to money, it make people lives and can break their live also. A thorough investigation should be and bank should be eliminated from any kind of transactions to save valuable peoples money.These financial terrorists should be punished and govt should pressurize to stop this bank transaction immediately.