By Voon Miaw Ping
BANGKOK, Nov 4 (NNN-BERNAMA) — Malaysia is still in talks with Goldman Sachs on the amount of compensation over the 1MDB scandal it expects to get from the investment bank and financial services company.
Malaysian prime minister Tun Dr Mahathir Mohamad, who is here for the 35th ASEAN Summit, disclosed that Kuala Lumpur rejected a previous Goldman Sachs offer as it was deemed too low.
“They’ve caused us to lose about US$7 billion. They may not want to pay us that amount. Their (compensation) offer is too low, because of that we have not accepted their offer,” he told Malaysian media when queried on the matter here today.
“But how much we’re willing to accept, of course, it’s based on the negotiation, out of court negotiation. But if we cannot reach an agreement, we’ve to go to court,” he said.
In a recent interview with the Financial Times, Dr Mahathir was quoted saying that Goldman Sachs had offered ‘less than US$2 billion’, an amount that Malaysia was not satisfied with.