Malaysia, Goldman discuss smaller penalty over 1MDB scandal - Bloomberg

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Prosecutors in August filed criminal charges against 17 current and former directors at Goldman's units.

Malaysia's finance minister said in January the government would be ready to discuss dropping the charges against Goldman if it agreed to pay US$7.5 billion in reparations. Goldman has not commented on any figure, but said last year it had set aside US$1.8 billion to cover potential losses related to 1MDB legal proceedings.said Prime Minister Dr Mahathir Mohamad was keen to reach a deal with Goldman this year itself as the government grapples with a high debt burden.

Najib , who lost a general election last year, is now facing dozens of graft and money laundering charges over allegations that he received about US$1 billion in 1MDB funds. He has pleaded not guilty. A ruling on whether to acquit Najib or call for him to enter his defence will be delivered on Nov 11.

 

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i thought si nyanyuk asking for USD7.5 billion

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