PETALING JAYA: Goldman Sachs has agreed to a total settlement of US$3.9bil (RM16.63bil) to resolve outstanding charges and claims related to the three bond transactions that the investment bank had structured and arranged for 1Malaysia Development Bhd (1MDB), says the Finance Ministry.
In a statement, the ministry said the settlement includes a cash payment of US$2.5bil (RM10.66bil) and a guarantee of full recovery value of at least US$1.4bil (RM5.97bil) in assets that are traceable to the diverted proceeds from the three bond transactions.
Already a subscriber? Log in.
Subscribe now for a chance to win your dream holiday!
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!
