After having its $3 billion settlement offer rejected, Goldman Sachs has dispatched executives to Malaysia to further 1MDB negotiations with the government.
Malaysian finance minister Tengku Zafrul Abdul Aziz confirmed the arrival of a Goldman Sachs negotiating team, according to a «Reuters» report citing a statement underlined hopes to «enable us to move closer towards achieving the desired results on the recovery of 1MDB assets».
This follows comments from Tengku Zafrul last month saying that the original $3 billion offer would be unacceptable and that Malaysian authorities would pursue the case legally until an acceptable settlement is reached.
«It Depends»
According to unnamed sources, Malaysia’s attorney-general, Idrus Harun, will lead the country’s discussions with Goldman Sachs and while both sides undoubtedly hope to reach an agreement, «it depends on what GS is bringing to the table».
Over the weekend, «Strait Times» reported that a six-member team from Goldman Sachs arrived in Malaysia on July 18. The American banking executives entered Malaysia through a special exemption from the country’s ban on foreign arrivals to prevent the spread of the coronavirus.
