'PM should explain if M'sians shortchanged in Goldman Sachs settlement'

Modified 26 Jul 2020, 1:01 pm

Former finance minister Lim Guan Eng wants the Perikatan Nasional government to explain if Malaysians were shortchanged when it entered into a settlement with Goldman Sachs for only US$3.9 billion (RM16.62 billion), of which only US$2.5 billion (RM10.66 billion) will be cash coming from the bank as reparations for its role in the 1MDB scandal.

Lim said the previous Pakatan Harapan government had claimed US$7.5 billion (RM31.97 billion) which included the value of the three bonds Goldman Sachs arranged for 1MDB worth US$6.5 billion (RM27.71 billion) and an additional US$1 billion (RM4.26 billion) to cover the interest cost to date.

Share this story


By posting a comment, you agree to our Terms & Conditions as stipulated in full here


Foul language, profanity, vulgarity, slanderous, personal attack, threatening, sexually-orientated comments or the use of any method of communication that may violate any law or create needless unpleasantness will not be tolerated. Antisocial behaviour such as "spamming" and "trolling" will be suspended. Violators run the risk of also being blocked permanently.


Please use the report feature that is available below each comment to flag offending comments for our moderators to take action. Do not take matters in your own hands to avoid unpleasant and unnecessary exchanges that may result in your own suspension or ban.