Malaysia's new government would not be willing to accept even compensation of US$3 billion (S$4.19 billion) from Goldman Sachs in a settlement over the 1MDB scandal, the finance minister told Reuters, ruling out a figure that is far higher than the bank offered last year.
The South-east Asian nation has charged Goldman Sachs and 17 current and former directors of its units for allegedly misleading investors over bond sales totalling US$6.5 billion that the US bank helped raise for sovereign wealth fund 1MDB or 1Malaysia Development Bhd.
