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BEIJING (Sept 25): Goldman Sachs Group Inc wants to help return money allegedly stolen from the Malaysian people through the 1MDB fraud case and resolve its entanglements with the affair, a senior bank executive said.
“We’re looking to put it behind us and get the Malaysian people the money that they deserve,” Goldman Sachs President and Chief Operating Officer John Waldron said in a Bloomberg Television interview on Wednesday, in response to a question about 1MDB.
“We’re focused on getting it behind us and resolving it in an appropriate manner,” Waldron said. “We want the Malaysian people to be taken care of.”
Malaysia took legal actions last month to prosecute Goldman Sachs employees allegedly involved in the 1MDB case by filing criminal charges against more than a dozen current and former senior executives based around the world.
Law-enforcement agencies in the US and Singapore are also investigating the money trail for billions of dollars that were allegedly siphoned off.
Waldron said it’s hard to give a time frame for when the 1MDB matter will be resolved. He declined to comment on the prospects for any settlement with the US Department of Justice.
Goldman Sachs isn’t facing any restrictions on its business in in the US as a result of 1MDB, Waldron said.
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