KUALA LUMPUR - Malaysian Prime Minister Mahathir Mohamad is hopeful of reaching an out-of-court settlement with Goldman Sachs over the 1MDB scandal soon, but that compensation of “one point something billion” dollars offered by the bank was too small.
“But at the moment their offer is too small. We’re continuing to talk with them to explain why they should pay what we demand. Of course it’s not the full amount, that they may be able to bring down, but we think that we can reach some agreement at a later stage.”Explainer: Malaysia's mega 1MDB scandal that has scalded Goldman Sachs“Yes, I want to achieve a settlement. We are progressing, if we fail then we’ll go to the courts,” he said. “We cannot preempt by going to the courts.
The bank could separately end up paying less than $2 billion to U.S. authorities to resolve criminal and regulatory probes connected to the scandal, Bloomberg reported last week. Mahathir said Malaysia would not agree to a settlement with fugitive financier Jho Low, accused of playing a central role in the scam. Low has consistently denied wrongdoing and says he does not expect a fair trial in Malaysia as long as Mahathir is in power.“We think he is very guilty. We have proof of that,” Mahathir said of Low. “We want to settle it according to the law.
jjsipalan krishnadas56 TostevinM Dump Goldman. Not on our list.
jjsipalan krishnadas56 TostevinM Keep an eye out for Derek Zoolander.
jjsipalan krishnadas56 TostevinM
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