MOF: Goldman Sachs agrees to US$3.9b settlement

Modified 26 Jul 2020, 11:21 pm

• UPDATED 7.25PM | Added remarks by Prime Minister Muhyiddin Yassin.

The banking firm Goldman Sachs has agreed to a US$3.9 billion (RM16.63 billion) settlement with the Malaysian government, said the Finance Ministry.

This will involve US$2.5 billion (RM10.66 billion) in cash and a promise to eventually handover US$1.4 billion (RM5.97 billion) in assets.

The Finance Ministry said that the sum was...

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