KUALA LUMPUR: Malaysian Prime Minister Anwar Ibrahim said that the government is re-evaluating a RM 17.3 billion (US$3.9 billion) settlement deal reached between the previous Perikatan Nasional-led (PN) government and US investment bank Goldman Sachs over the 1MDB financial scandal. Mr Anwar said on Monday
KUALA LUMPUR: Malaysian Prime Minister Anwar Ibrahim said that the government is re-evaluating a RM 17.3 billion settlement deal reached between the previous Perikatan Nasional-led government and US investment bank Goldman Sachs over the 1MDB financial scandal.
Goldman Sachs agreed in 2020 to pay US$2.5 billion in cash and guarantee the return of US$1.4 billion in assets to Malaysia to settle a criminal probe into the bank's alleged involvement in the multi-billion-dollar scandal, in a deal reached during the administration of Muhyiddin Yassin.Malaysian and US authorities estimate some US$4.
"My only appeal is for them to settle this deal with Malaysia because 1MDB is known throughout the world. It is there in the books and I think that Goldman Sachs should come out clean and deal with Malaysia,” he told Bloomberg Television on Jan 30.It was previously reported that Goldman claimed that Malaysia had"undervalued" the assets already retrieved, as part of its recovery from the scandal.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysia to review $5.2 billion settlement deal with Goldman Sachs: PM AnwarKUALA LUMPUR - The Malaysian government is re-evaluating a $3.9 billion (S$5.2 billion) settlement deal reached between the previous administration and US investment bank Goldman Sachs over the 1MDB financial scandal, state news agency Bernama reported on Monday (April 17). Prime Minister Anwar Ibrahim said on Monday a government taskforce looking into 1MDB issues was scrutinising the 2020 deal with...
Read more »
Malaysia to review $3.9 billion settlement deal with Goldman Sachs - PM AnwarKUALA LUMPUR : The Malaysian government is re-evaluating a $3.9 billion settlement deal reached between the previous administration and U.S. investment bank Goldman Sachs over the 1MDB financial scandal, state news agency Bernama reported on Monday. Prime Minister Anwar Ibrahim said on Monday a government
Read more »
Big investors dump China shares, add oil to portfolios -GoldmanNEW YORK : Big global money managers got rid of a high volume of Chinese equities in recent days, while adding U.S. energy shares to portfolios at a near-record pace, according to a Goldman Sachs report.Managers decided to sell Chinese equities amid heightened geopolitical tensions between the world's sec
Read more »
Commentary: Knock-down sale of Iskandar Malaysia puts GLC reform on front burner for PM AnwarThere is widespread scepticism that Malaysia Prime Minister Anwar Ibrahim’s new coalition government will be able to bring reform to the country’s smorgasbord of government-linked companies that have become central to Malaysia’s highly politicised economy, says CNA’s Leslie Lopez.
Read more »
Malaysian PM Anwar faces dilemma between anti-corruption fight, Najib Razak releaseIn a bid to free its jailed former party president, the United Malays National Organisation (UMNO) - Mr Anwar’s biggest partner in the unity government - has stepped up pressure on the Pardons Board in which the prime minister is a member.
Read more »
Apple offers high-yield savings to card customers as deposit competition heats upNEW YORK: Apple Inc is seeking to attract US savers with a new high-yield deposit account it announced on Monday with partner Goldman Sachs Group Inc amid increased competition among financial institutions for consumer dollars. Apple said users of its Apple Card can earn 4.15 per cent on savings accounts,
Read more »