Former finance minister: Even Goldman says US$1.4b in assets are those seized by governments | Malay Mail

Thursday, 06 Aug 2020 12:28 PM MYTLim said Goldman was the party that was benefiting the most from the settlement. ― Picture by Yusof Mat Isa

The bank also said it saw no significant exposure from that portion of the settlement, which was on top of a US$2.5 billion cash payment to settle criminal charges that Malaysia filed against Goldman and its directors over a bond issue conducted on behalf of 1MDB. Goldman’s remarks vindicated former attorney general Tan Sri Tommy Thomas who made the assertion when disagreeing with the settlement previously, Lim added.

He said the government’s lack of response to criticism of the settlement was unbecoming as it implied that Putrajaya was not interested in transparency and public accountability.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple rebuffs US$1.4bil patent lawsuit filed by Chinese artificial intelligence companyShanghai Zhizhen Intelligent Network Technology has been locked in a legal battle with Apple over the Siri voice assistant system since 2012. The Chinese AI company claims Apple has infringed a patent it owns, but Apple says Siri does not contain features included in the patent.
Source: staronline - 🏆 4. / 75 Read more »