PETALING JAYA: Goldman Sachs agreed to a total settlement of US$3.9bil (RM16.63bil) as part of its settlement to resolve outstanding charges and claims related to the three bond transactions that the company had structured and arranged for 1Malaysia Development Bhd (1MDB), says the Finance Ministry.
The Finance Ministry said the settlement includes a cash payment of US$2.5bil (RM10.66bil) and a guarantee for a full recovery value of at least US$1.4bil (RM5.97bil) in assets that were traceable to the diverted proceeds from the three bond transactions.
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