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Goldman Sachs, Malaysia reach settlement agreement over 1MDB- sources

Credit: REUTERS/David Gray

U.S. investment bank Goldman Sachs has reached a settlement agreement with the Malaysian government over the multi-billion dollar 1MDB scandal, three sources familiar with the matter told Reuters.

KUALA LUMPUR, July 24 (Reuters) - U.S. investment bank Goldman Sachs GS.N has reached a settlement agreement with the Malaysian government over the multi-billion dollar 1MDB scandal, three sources familiar with the matter told Reuters.

Settlement talks that restarted this week concluded on Friday, the sources said.

They did not want to be identified as they were not authorised to speak to the media.

Goldman Sachs declined to comment. A spokesman for the office of Malaysian Prime Minister Muhyiddin Yassin did not immediately respond to a request for comment.

(Reporting by Rozanna Latiff and A. Ananthalakshmi; Editing by Martin Petty)

((ananthalakshmi.as@thomsonreuters.com; +603 2333 8036; Reuters Messaging: ananthalakshmi.as.thomsonreuters.com@reuters.net; Twitter: @AnanthalakshmiA))

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