PUTRAJAYA struck a better deal on its settlement with Goldman Sachs compared with what was offered previously, The Edge quoted Finance Minister Tengku Zafrul Tengku Abdul Aziz as saying.
Goldman Sachs will be paying US$2.5 billion (RM10.8 billion) cash with the remainder US$1.4 billion guarantee on assets that have yet to be recovered.
Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access!
Yes, that is a credit for you as you have confirmed how enormous the size of the theft is. Keep it up!
Posted 3 years ago by Tanahair Ku
Legal costs and length of time to recover are not major considerations. The quantum of recovery is key. We should have not agreed so fast as the incremental is not substantial. Should have held out for at least 2x the amount for the loss incurred by the country was a lot more. The bank will be forced to settle at the higher amount to salvage their reputation and reverse hefty provisions from their books.
Posted 3 years ago by Super Duper
Editor's Pick
2 months ago
Mindef says will cooperate with MACC on procurement cartel case
2 months ago
公共服务薪酬研究中期报告 JPA:昨已呈首相
2 months ago
White House ‘concerned’ about reported death of US citizen in West Bank
2 months ago
Kenaikan tarif air baharu minimum, tidak beban pengguna, kata MB Terengganu
Comments
Posted 3 years ago by Tanahair Ku
Posted 3 years ago by Super Duper