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Malaysia seeks to recoup $600M from Goldman Sachs for 1MDB deals

Goldman Sachs Group Inc. "cheated" Malaysia over the investment bank's role in the 1Malaysia Development Bhd. scandal, Malaysian Prime Minister Mahathir Mohamad told CNBC in an interview.

"There is evidence that Goldman Sachs has done things [that] are wrong," Mohamad said, adding that the company's compliance controls "don't work very well".

Bloomberg News earlier reported that Malaysia is seeking a full refund of the nearly $600 million in fees the country paid to Goldman Sachs for the 1MDB deals. The company has, however, not admitted any wrongdoing, Bloomberg noted.

Goldman Sachs has attracted scrutiny for its role in raising $6.5 billion for 1Malaysia Development Bhd., which is the subject of a probe involving embezzlement and money laundering allegations. The U.S. Department of Justice had earlier charged two former Goldman Sachs bankers, Ng Chong Hwa and Tim Leissner, with money laundering in connection with the fund.