Dr M says Goldman Sachs’ 1MDB offer ‘too low’, will go to court if negotiations fail | Malay Mail

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BANGKOK, Nov 4 — Putrajaya rejected Goldman Sachs’ offer to settle its role in the 1Malaysia Development Berhad (1MDB) financial fraud scandal because it was “too low”, Tun Dr Mahathir Mohamad said today. The prime minister did not disclose the exact amount — reported to be below US$2...

Monday, 04 Nov 2019 02:34 PM MYTMalaysian Prime Minister Tun Dr Mahathir Mohamad speaks at a press conference during the 22nd Asean-China Summit at IMPACT Muang Thong Thani, Bangkok November 3, 2019. — Bernama pic

“They caused us to lose US$7 billion. But of course they may not be able to pay that amount. They may not want to pay that amount. But their offer is too low. And because of that, we did not accept their offer,” he told Malaysian journalists covering the 35th Asean Summit here. Dr Mahathir said the government cannot disclose the exact sum it is willing to accept from Goldman Sachs to settle the 1MDB saga.

 

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