1MDB: Govt to receive US$2.5b from Goldman Sachs in two months
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the monies will be channeled directly to a trust fund which had been specifically set up to settle 1MDB’s debts. — Picture by Miera Zulyana
Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the cash payment is part of a total settlement of US$3.9 billion which the group had agreed to in order to resolve outstanding charges and claims related to the three bond transactions that the Wall Street bank had structured and arranged for 1MDB.
“Previously, we have already received US$260 million from the United States Department of Justice; the US$2.5 billion will be handed over within two months, while the balance will be paid once we have recovered several assets,” he said to reporters during his visit to Yayasan Hasanah here today.Tengku Zafrul said the monies will be channeled directly to a trust fund which had been specifically set up to settle 1MDB’s debts.
He also said that the settlement agreement was between the Malaysian government and Goldman Sachs, and not with the Wall Street bank’s two former employees, Tim Leissner and Roger Ng who had been involved in the 1MDB scandal.
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