Malaysiakini
NEWS

1MDB: Govt to receive US$2.5b from Goldman Sachs in 2 months

Bernama

Published

Goldman Sachs Group Inc will hand over a cash payment of US$2.5 billion (RM10.66 billion) to the Malaysian government to resolve outstanding claims related to 1MDB in the next two months.

Finance Minister Tengku Zafrul Abdul Aziz said the cash payment is part of a total settlement of US$3.9 billion (RM16.63 billion) which the group had agreed to in order to resolve outstanding charges and claims related to the three bond transactions that the Wall Street bank had structured and arranged for 1MDB...

All Access Plan
starting from

~RM12

per month
Subscribe Now
You can cancel anytime.
Get unlimited access to our articles on web and apps
Add comments to our articles
Bookmark articles to read later
We accept
Already Subscribed?
Sign In

Share this story