KUALA LUMPUR - Malaysia's new government would not be willing to accept even compensation of US$3 billion from Goldman Sachs in a settlement over the 1MDB scandal, the finance minister told Reuters, ruling out a figure that is far higher than the bank offered last year.
Finance Minister Tengku Zafrul Aziz, who joined the three-month-old government from the corporate world, said he had held a conversation with Goldman Sachs representatives last month. "If it's US$2 billion, I can say, no. US$3 billion, no," he added."As long the amount is not something we think we can accept, then we continue with the legal case."A Goldman Sachs spokesman did not immediately respond to an email seeking comment.
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