KUALA LUMPUR, Jan 27 — A former chief financial officer of 1Malaysia Development Berhad today denied having received any bribes from financial institution Goldman Sachs in exchange for allegedly enabling the latter to make significant profits from a US$1.75 billion bond issued in October 2012 by a 1MDB subsidiary.
Azmi disagreed with Scivetti’s suggestion that his alleged failure to negotiate a lower interest rate for 1MELL had benefited Goldman Sachs by enabling them to profit significantly from the higher interest rate charged, also denied having taken bribes from former South-east Asia head of Goldman Sachs, Tim Leissner.
As both 1MDB’s financial adviser and the arranger for the US$1.75 billion bond issued in October 2012 by the 1MDB subsidiary, Scivetti said Goldman Sachs had requested a US$4 million sum in advisory fees in cash and had separately received an arranger fee — at a percentage of the US$1.75 billion bond — that was said to come up to around US$130 million.
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