Malaysia and Goldman Sachs restart talks in last-ditch bid to reach 1MDB settlement


The resumption of the talks with Goldman Sachs represents a major breakthrough in Malaysia's 1MDB asset recovery campaign. - Reuters

SINGAPORE/ KUALA LUMPUR, July 20 (The Straits Times/ANN): The Malaysian government and international banking giant Goldman Sachs will resume talks this week in Kuala Lumpur in a final attempt between both parties to hammer out a multi-billion dollar financial settlement over the fiasco at state-owned 1Malaysian Development Bhd (1MDB).

Top level US executives from Goldman Sachs and members of their legal team arrived on Saturday (July 18) - after obtaining special Malaysian government approval due to strict coronavirus travel restrictions - for the talks with the special task force for the 1MDB recovery campaign led by Attorney-General Idrus Harun.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Aseanplus News

Indonesian parliament designates Jakarta as special region after being removed as capital city
Thai court dismisses activist's suit against Israeli spyware producer over lack of evidence
Laotian police detain several people in investigation of tourist deaths in tainted alcohol incident
Tennis-Sinner shuts out the noise in eventful year to emerge as the man to beat
Philippine peso weakness due to strong dollar, says its central bank
Public caning is glorifying cruelty in the name of morality, says Sisters in Islam
Vietnam takes ‘unprecedented’ disciplinary action over graft on former parliament chairman
Myanmar national pleads guilty to gouging man’s left eye
China claims 'wipe-out' of large telecom fraud centres in northern Myanmar
Cambodia needs to unlock full potential of transport corridors to enhance regional connectivity, says world bank

Others Also Read