Goldman Sachs deal rushed, premature, says former AG

Former attorney-general Tommy Thomas says the government should have held out for more instead of rushing to settle its claims against Goldman Sachs over the investment bank’s role in the 1MDB affair. – The Malaysian Insight file pic, August 3, 2020.

THE Perikatan Nasional government’s settlement deal with Goldman Sachs was rushed and premature, resulting in the government giving up its greater bargaining power, said former attorney-general Tommy Thomas.

“Any litigation lawyer would advise that the leverage that his client would have, whether as plaintiff in civil proceedings or as prosecutor in criminal proceedings, is to start a trial with the maximum negative publicity against the adverse party.

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