00:001MDB Asset Recovery Task Force Chairman Johari Ghani reaffirmed Malaysia's commitment to
00:07recovering misappropriated 1MDB funds despite recent developments in the United States.
00:14Speaking to FMT, he said Malaysia continues to engage with various countries and agencies
00:19to reclaim assets linked to the scandal.
00:22He added that the ongoing dispute with Goldman Sachs over a US$1.4 billion asset recovery
00:28guarantee is currently under arbitration, with both parties agreeing to let arbitrators
00:33decide the outcome.
00:35Johari said Goldman Sachs argues that Malaysia has already recovered more than the guaranteed
00:39sum through fines, a position Malaysia rejects.
00:43He also said the government is considering legal action against seven international banks
00:48that facilitated transactions related to the 1MDB scandal.
00:52Earlier, Journalist Cum Author Tom Wright was reported as saying that the US government's
00:57recent suspension of a law banning bribery of foreign officials would likely scuttle
01:02Putrajaya's pursuit of compensation from Goldman Sachs.
01:05Wright, who co-authored Billion Dollar Whale, a book on the 1MDB scandal, commented after
01:11US President Donald Trump signed an executive order freezing his country's Foreign Corrupt
01:16Practices Act on Monday.
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