Goldman Sachs' compensation offer not reasonable, says Dr M

In a Bloomberg interview at the Asean Business Summit in Bangkok on Friday , he said the amount that was stolen was about US$6.9bil in total including fees for Goldman Sachs.When asked by moderator Haslinda Amin, what would be a reasonable sum, Dr Mahathir said that it would have to be at least 10% of the total US$6.9bil .

When asked if the Government is mulling a civil suit on top of the criminal suit, he said that it depends on the Attorney General. On Dec 17, the Government filed criminal charges against three subsidiaries of Goldman Sachs Inc over their handling of bonds totalling US$6.5bil issued by 1MDB. "If the money is invested in something, we can go to the company and ask for the money back, but the money is stolen and we don't know where it is.

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Dr M: Goldman Sachs offered RM1b to settle 1MDB case out of court | Malay MailKUALA LUMPUR, June 21 — Prime Minister Tun Dr Mahathir Mohamad revealed today that US investment bank Goldman Sachs had offered Malaysia RM1 billion to settle the 1MDB case out of court. The New York-based bank is accused of misleading investors when it helped 1MDB raise US$6.5 billion (RM27...
Source: malaymail - 🏆 1. / 86 Read more »

Dr M: Goldman Sachs offered RM1b to settle 1MDB case out of court | Malay MailKUALA LUMPUR, June 21 — Prime Minister Tun Dr Mahathir Mohamad revealed today that US investment bank Goldman Sachs had offered Malaysia RM1 billion to settle the 1MDB case out of court. The New York-based bank is accused of misleading investors when it helped 1MDB raise US$6.5 billion (RM27...
Source: malaymail - 🏆 1. / 86 Read more »