Malaysia seeking up to $3bn 1MDB payment from Goldman Sachs

Pedro Gonçalves
clock
Malaysia seeking up to $3bn 1MDB payment from Goldman Sachs

Malaysia has discussed a $2bn to $3bn settlement with Goldman Sachs over the US bank's alleged role in the 1MDB scandal, less than half the sum the Southeast Asian nation had demanded earlier. Although the final deal may diverge for this range, it demonstrates the willingness by to be flexible, a Bloomberg report said, citing anonymous sources.  It is unclear whether or not the settlement would lead Malaysian Attorney General Tommy Thomas to drop charges against Goldman Sachs' 17 curren...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login