Malaysian Finance Minister Lim Guan Eng said Monday that the $7.5 billion the country is seeking from U.S. investment bank Goldman Sachs over the 1MDB scandal is an 'extremely reasonable' amount.
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Malaysia’s Finance Minister Wants Goldman’s $7.5 Billion, Not an ApologyLim Guan Eng waved off an apology from Goldman Sachs Chief Executive David Solomon for the role of one its then-bankers in the scandal surrounding state investment fund 1MDB, saying it wasn’t enough.
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Malaysia may drop the 1MDB scandal if Goldman pays $7.5 billion, minister saysMalaysia's finance minister said on Friday the government would be ready to discuss dropping criminal charges against Goldman Sachs linked to the 1MDB scandal if the bank pays $7.5 billion in reparations.
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Malaysia will forget all about the Goldman Sachs 1MDB scandal for the low low price of $7.5 billion'An apology is just not sufficient ... There must be the necessary reparations and compensations,' Malaysia's finance minister Lim Guan Eng said.
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Goldman Sachs knows where all the money went, says Malaysia finance minister as country gears up for fight for stolen 1MDB billions'We have suffered extremely large losses,' Lim Guan Eng tells the newspaper. 'And don’t tell me you don’t know where the money went.'
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Goldman CEO Solomon on ex-banker's role in 1MDB scandal: 'We apologize to the Malaysian people'Goldman Sachs CEO David Solomon made the remarks on the bank's earnings conference call Wednesday.
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