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FinancialNews
25-07-20
Goldman Sachs to disburse 3.9 Billion USD to Malaysia
(MENAFN) On Friday July 24 state media accounted that Goldman Sachs has settled to pay practically 4 billion USD to Malaysia.
Bernama News accounted that the American multinational investment bank and financial services company has established its exceptional charges and claims related to 1 Malaysia Development Berhad (1MDB) that amount to 3.9 billion USD.
Tan Sri Muhyiddin Yassin Malaysian Prime Minister stated that "I welcome the announcement on the settlement worth RM16.6 billion (3.9 billion USD) reached between the Malaysian government and Goldman Sachs over the government's claims related to wrongdoing and misappropriation in the 1MDB case,".
The resolutions are connected to Goldman Sachs' three bond contracts set for 1MDB.
MENAFN2507202000450000ID1100541118
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