Finance Minister Tengku Datuk Seri Zafrul Aziz said he was glad the case was resolved without initiating any lengthy and costly legal process, adding both parties agreeing to a settlement also meant the return of the monies can be expedited. — Bernama pic
“The settlement includes a cash payment of US$2.5 billion and a guarantee of a full recovery value of at least US$1.4 billion in assets that are traceable to the diverted proceeds from the three bond transactions,” read the statement. It also said that the agreed settlement amount was significantly higher than the US$1.75 billion that was previously offered to Malaysia under the Pakatan Harapan administration back in 2019.
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