Finance minister defends ‘significantly better deal’ with Goldman Sachs

Finance Minister Tengku Zafrul Aziz says the settlement with Goldman Sachs last week is an ‘advantageous deal’.

“With this settlement, the people of Malaysia are getting back substantially more than what was offered before,” the financial news outlet quoted him as saying.The settlement includes cash payment of US$2.5 billion and a guarantee of a full recovery value of at least US$1.4 billion in assets traceable to the diverted proceeds from the three bond transactions.

He pointed out that various assets which were seized had been sold below their original price, citing the Bombardier jet as an example.

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Sarawak’s former second finance minister urges state govt to disclose deal with Petronas over sales tax | Malay MailKUCHING, Aug 3 — Former state second finance minister Datuk Seri Wong Soon Koh today urged the state government to give full and transparent disclosure of the settlement terms with Petroliam Nasional Berhad (Petronas) on the state sales tax (SST). He asked if the settlement included recognition...
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