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

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


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

Malaysia has discussed a $2 billion to $3 billion settlement with Goldman Sachs ...

Investigators in Malaysia and the United States say about $4.5 billion was misappropriated from the now-defunct state investment fund 1Malaysia Development Berhad, set up in 2009 by former Prime Minister Najib Razak who has been slapped with several charges.

Citing people with knowledge of the matter, Bloomberg said Malaysian Prime Minister Mahathir Mohamad was keen to reach a deal with Goldman this year itself as the government grapples with a high debt burden.

The bank said last week it was in discussions with governmental and regulatory authorities on the possibility of a resolution of investigations relating to 1MDB.

A ruling on whether to acquit Najib or call for him to enter his defence will be delivered on Nov. 11.

Najib and Rosmah were barred from leaving Malaysia soon after his surprise election loss last year, and their lifestyle came under scrutiny especially after the discovery of nearly $300 million worth of goods and cash at properties linked to him.

Read more: Reuters Top News

Goldman Sachs is a dodgy bank for criminals. Goldmansachs This is just one corrupt Leader that got caught..Najib Razak and his cohorts used taxpayer money to live a life of luxury and greed. Look to many African Leaders doing exactly the same thing

Scandals like 1MDB unlikely to happen in Malaysia again, says central bank governor 1MDB has been at the center of one of the world's largest corruption and money laundering scandals, as billions of dollars went missing from the fund. Depending who is the central bank governor.

Mark Zuckerberg advised Mayor Pete Buttigieg on hires, report says - Business InsiderTwo staffers have been hired to the Buttigieg campaign on Mark Zuckerberg's recommendation, Bloomberg reported. Being totally gay is not enough, bro. You need an opinion and a plan for something. He has no plans to win. Other people want to market him because he looks easy to control and swing. Both hilarious and stupid ways to try and win the presidency Pete has ZERO chance of ever becoming president, and, now he’s in bed with that crooked Zuckerberg and his old lady only shows, he’s as corrupt as he is boring.

Canadian Prime Minister Trudeau Wins Re-ElectionTrudeau’s Liberals lost the popular vote, taking just 33%—the lowest ever for a victorious party in Canada. But seats go to the winner in each district WAS THIS ELECTION TO CHOOSE MR. CANADA So His Wokeness JustinTrudeau lost the popular vote but won the Election just like President realDonaldTrump in 2016? Can’t wait to see the liberals complaining that he’s an illegitimate PM and that the real winner is the conservative candidate ElectionsCanada Hum... did any party get more ? ´seat go to the winner in each district ´ : not an uncommon practice..,

Trudeau Wins Re-Election but Fails to Secure MajorityJustin Trudeau emerged from Monday’s election with a weakened hold on power that will force him to rely on support from other parties to pass legislation Canada loses big league. CanadianElection Congratulations You’re coverage was so good that I have no idea who was even running against him

New 'Varsity Blues' charges affect 11 parents, including Lori LoughlinThe new charges affect 11 of 15 previously charged parents and seven university officials. Leave them alone. There’s thugs selling drugs to kids, should be focused on those people instead MORE: The grand jury alleges that 11 defendants 'conspired to commit federal program bribery by bribing employees of the University of Southern California (USC) to facilitate their children's admission,' according to the DOJ. Democrats speak of student loan forgiveness, but never challenge the universities on their excessively high tuition cost. Truth: government involvement in student loans increased the cost. The universities hire politicians and admit their kids in return for this protection.

Lori Loughlin Facing Even More Charges In College Admissions ScandalThe new charge stems from the fact that the University of Southern California, where Loughlin and Giannulli allegedly paid officials to ensure their daughters' admission, receives some federal funding.

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