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 (RM27.74bil) that the US bank helped raise for sovereign wealth fund 1MDB (1Malaysia Development Bhd).
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
