PUTRAJAYA, Dec. 12 -- The Malaysian government will go ahead with its lawsuit against US investment bank Goldman Sachs to recoup losses from scandal-riddled 1Malaysia Development Berhad (1MDB), Lim Guan Eng said today.

The finance minister added that Putrajaya wants to recover losses estimated at US$7.5 billion (RM31.2 billion) and has no intention to wait for a settlement out of court with Goldman Sachs.

"I have contacted the Attorney General's Chambers and they have said that this case is expected to be heard mid next year," he told reporters here.

"This is in response to the losses that we experienced from the 1MDB scandal from Goldman Sachs only," he added.

Lim was asked for comments to news reports that the government is trying t...