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Source: Reuters
The Goldman Sachs Headquarters building is pictured in the
Manhattan borough of New York City
FILE PHOTO: The Goldman Sachs company logo is seen in the
company's space on the floor of the NYSE in New York
The Southeast Asian nation has charged Goldman Sachs and 17
current and former directors of its units for allegedly
misleading investors over bond sales totaling $6.5 billion that
the U.S. bank helped raise for sovereign wealth fund 1MDB
(1Malaysia Development Bhd).
Finance Minister Tengku Zafrul Aziz, who joined the
three-month-old government from the corporate world, said he had
held a conversation with Goldman Sachs representatives last
month.
"We are continuing our pursuit to get some money from GS. And
the legal case is still ongoing, so we will have to wait for the
outcome of that," the minister said in an interview in his
office in Kuala Lumpur on Saturday.
"If it's $2 billion, I can say, no. $3 billion, no," he added.
"As long the amount is not something we think we can accept,
then we continue with the legal case."
He declined to say what an acceptable sum would be.
A Goldman Sachs spokesman did not immediately respond to an
email seeking comment.
Former Prime Minister Mahathir Mohamad said in December that
Goldman Sachs <GS.N> had offered "one point something billion"
dollars for an out-of-court settlement over it role in the
scandal at 1MDB.
According to the U.S. Justice Department, Goldman Sachs earned
$600 million in fees for its work with 1MDB.
(Reporting by Krishna N. Das; Editing by Pravin Char)
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