The report said Goldman's involvement was in the spotlight because of the proximity of the 2013 bond issuance to alleged payments of almost US$700 million from companies linked to 1MDB to Prime Minister Datuk Seri Najib Razak, just weeks before the 13th general election. As a consequence of Goldman Sachs having arranged a $ 3bn bond issue for 1MDB in 2013 , the bank has been struggling to win new business in Malaysia due to its connection to the government pension fund . With Goldman Sachs ' name attached to this very public investigation , Malaysian 's are more cautious about using the bank as they do n't want to be associated with the scandal . However , many believe the 1MDB debacle will soon blow over and Goldman Sachs says Malaysia continues to be an important part of their Asian business with some positive deals in the pipeline .
As a consequence of Goldman Sachs having arranged a $ 3bn bond issue for 1MDB in 2013 , the bank has been struggling to win new business in Malaysia due to its connection to the government pension fund . With Goldman Sachs ' name attached to this very public investigation , Malaysian 's are more cautious about using the bank as they do n't want to be associated with the scandal . However , many believe the 1MDB debacle will soon blow over and Goldman Sachs says Malaysia continues to be an important part of their Asian business with some positive deals in the pipeline .