Dr Mahathir insists Goldman Sachs should pay US$9.6b, not just the US$2.5b in settlement with Putrajaya

Malaysia will not get anything near what the country was owed if Putrajaya proceeds with its US$2.5 billion (RM10.6 billion) settlement with US investment bank Goldman Sachs, former prime minister Tun Dr Mahathir Mohamad said.

(MMO) – He said on his personal blog that Malaysia was entitled to as much as US$9.6 billion from the bank that handled a controversial bond issuance for 1MDB.

“The government seems pleased with the settlement with Goldman Sachs. But the sum to be paid to the government is nothing compared to what is due to Malaysia.

“The total amount that should be due is US$9.6 billion. What Goldman Sachs has agreed to pay is US$2.5 billion in cash. US$1.4 billion will be based on the proceeds of the assets now with the Department of Justice (DOJ) of America.

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