Dr Mahathir, Tommy Thomas dan Guan Eng tipu rakyat

Finance Minister Tengku Zafrul Aziz and his legal team successfully negotiated almost US$4 billion from Goldman Sachs. Tun Dr Mahathir Mohamad, Lim Guan Eng and Tommy Thomas said that figure is too low. They said it should be close to US$10 billion. However, Pakatan Harapan had negotiated a settlement of just US$4 billion and Goldman Sachs agreed to only US$1.5 billion. So who are they trying to fool? Perikatan Nasional managed to get what Pakatan Harapan asked for but could not get.


Raja Petra Kamarudin

(Bernama) – Goldman Sachs has agreed to a total settlement of US$3.9 billion (RM16.6 billion) to resolve outstanding charges and claims related to the three bond transactions that the company had structured and arranged for 1MDB, the finance ministry (MoF) said. (READ MORE HERE)

Dr Mahathir Insists Goldman Sachs Should Pay US$9.6b, Not Just The US$2.5b In Settlement With Putrajaya

(MMO) – 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.

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. (READ MORE HERE)


Tommy Thomas Attacks Government For Settling With Goldman Sachs

(MMO) – Former attorney general Tan Sri Tommy Thomas said he saw no clear motivation for the federal government to settle what was a “very strong” criminal case against US investment bank Goldman Sachs in return for US$2.5 billion in compensation.

In a letter published on The Edge Markets website, Thomas also contended that a conviction would have also resulted in at least the same amount being repaid to Malaysia in the form of penalties, based on precedent.

He explained that this was why he proceeded with charges against Goldman Sachs and its directors in Malaysia, which he also said would likely have resulted in prison sentences against those accused that could have served as further leverage.

“There are no objective reasons to have reached a settlement at this point in time. What ought to have happened was to start the criminal trial against Goldman Sachs and its directors.

“From Malaysia’s perspective, any settlement should have only taken place in the middle of the trial or after the verdict is announced,” Thomas said in his letter. (READ MORE HERE)


Why Settle For Only US$3.9 Bil From Goldman Sachs, Asks Guan Eng

(FMT) – DAP secretary-general Lim Guan Eng has called on Prime Minister Muhyiddin Yassin to reassure the public that Goldman Sachs does not get off too lightly for its role in the 1MDB scandal.

Referring to this week’s settlement between Putrajaya and Goldman Sachs, which will see US$3.9 billion (RM16.63 billion) returned to Malaysia, Lim said the Pakatan Harapan-led government had claimed US$7.5 billion from the investment bank.

He said the figure included US$1 billion to cover interest. (READ MORE HERE)

Dr Mahathir, Guan Eng and Tommy Thomas had agreed on US$4 billion, which is what the Perikatan Nasional government got