Friday , September 17 2021

Malaysia has demanded from US banks to pay compensation of $ 7.5 billion for joining a former prime minister for the purpose of a corrupted 1MDB case



Malaysia has demanded from American banks to compensate 7.5 billion dollars for joining the former prime minister to corrupt the case of 1MDB - Photo 1.

Goldman Sachs is accused of contributing to the corruption of 1MDB of former Prime Minister Najib. (Source: Chris Young | NurPhoto | Getty Images)

The billion dollar Malaysian investment funds suddenly disappeared, commonly known as the 1MDB case, which led to money laundering charges, Najib Razak, a former Prime Minister who lost power in past elections.

Keep track of CNBCThis scandal involves illegal money transfers through ghost companies and personal bank accounts in many countries. The US Department of Justice has previously accused Mr Najib of receiving $ 681 million. US dollar from bond yields organized by Goldman Sachs in 2013.

The Finance Minister, Lim, told The Financial Times last month that Malaysia is expecting $ 7.5 billion in compensation from Goldman Sachs, and he also told CNBC at a recent financial forum in Hong Kong. that this number is quite reasonable.

Accordingly, the finance minister asserted that Malaysia had never received money from the bond issue, the allegations were completely remote, and the conditions were also very disadvantageous. .

"Therefore, we are considering the amount of money, a reasonable amount that can compensate for pain and pain, as well as the losses that we have to bear. I think that 7.5 billion dollars is an extremely reasonable number.

He also called on Goldman Sachs to act with humanity and will give some rules for some Malaysia compensation payments.

In response to Mr. Lima's comments, Mr Eduard Naylor, chairman of the Goldman Sachs Communications Division in the Asia-Pacific region, reminded of the bank's previous statements, including alleged allegations. This is an error and claims to be fighting this information.

In addition, Goldman Sachs found that they were cheated by the 1MDB and members of the Malaysian government and said they had no chance to clear it before charges were filed against some of their subsidiaries. Goldman

Hong Van (Synthesis)

Malaysia has demanded from American banks to compensate 7.5 billion dollars for joining the former prime minister to corrupt the 1MDB case - Photo 2.


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