No deal: M'sia won't accept RM12.8bil settlement for 1MDB case with Goldman, says Finance Minister

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KUALA LUMPUR (Reuters): Malaysia's new government would not be willing to accept even compensation of USD$3bil (RM12.8bil) 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.

The Southeast Asian nation has charged Goldman Sachs and 17 current and former directors of its units for allegedly misleading investors over bond sales totalling USD$6.5bil that the US bank helped raise for sovereign wealth fund 1MDB .

"We are continuing our pursuit to get some money from GS. And the legal case is still ongoing, so we will have to wait for the outcome of that," the minister said in an interview in his office in Kuala Lumpur on Saturday .

 

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imfsea_aruna Finance Con acting for Brothers' Con , trying to delay as long as possible. Mengkaburi mats rakyat

Don't be fooled Its a darn good strategy to delay Najib's case indefinitely ..... while coming out looking like heroes to gullible Malaysians

MichaelJordan donated $100M to organizations dedicated to ensuring racial equality and the coronavirus....

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