Nothing ventured, nothing gained. A demand of US$7.5 billion from investment bank Goldman Sachs which was settled for US$2.5 billion, plus asset recovery of US$1.4 billion , is a triumph for Finance Minister Tengku Zafrul Abdul Aziz?
This is a clear reflection of the weakness of the negotiating team, presenting Goldman Sachs the last laugh on a platter. This is a betrayal on our taxpayers, our children and theirs as they will bear the heavy consequences of this debacle."There is no imprisonment provision against a corporation. The penalty would have been only a fine. The fine would not have been sufficient to cover the 1MDB losses suffered," said Zafrul.
I am sure Goldman Sachs will not want to play poker with this case. Hated by a large segment of the American public and world over for countless reasons, what Goldman Sachs paid as settlement is loose change vis-à-vis the potential the risk they were facing. Granted that the layperson, like most of us are, cannot at all tell the difference between the various concepts encountered in the demands by the previous illegally-usurped government and the settlement you now meekly put your signature on.
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