[PODCAST] The Najib Razak 1MDB Trial EP 74: No interest in rates
THE reason why 1MDB agreed to an exorbitant interest rate for a US$1.75 billion loan to purchase a power plant is because it did not bother to negotiate a lower rate, a witness told the Najib Razak 1MDB trial today.
Instead, it just took the words of its bond arranger Goldman Sachs, who was also its financial advisor, no questions asked. – January 27, 2022.
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