1MDB fugitive Jho Low placed in Macau as associates in spotlight
Al JazeeraAUG 2023
Goldman Sachs Sues Malaysia Over 1MDB Settlement
Image copyright:Â Michael M. Santiago [via Getty Images]
The Spin
Narrative A
Goldman Sachs has every right to demand arbitration in this case, as the government of Malaysia has, in bad faith, tried to take advantage of its asymmetrical power by demanding a new settlement with more onerous penalties as well as by not being transparent with regard to the recovery of looted assets.
Narrative B
It's clear that Goldman Sachs has sued Malaysia only to divert attention away from its obligation to hand over the agreed $250M interim payment, as the company has failed to recover the stipulated amount of $500M two years from the signing of the deal. After an entire year requiring deadline extensions, apparently in good faith, Goldman has shown its malicious intention.