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Malaysia Rejects Goldman's Offer Of "Less Than $2 Billion" To Settle 1MDB Suit

• https://www.zerohedge.com by Tyler Durden

As was rumored in earlier reports, Goldman offered Malaysia "less than $2 billion" to settle the suit. In a series of three bond offerings, Goldman raised $6.5 billion for 1MDB, a sovereign wealth fund that was supposed to finance major public works projects across Malaysia.

But the money never made it that far.

A group of senior government officials, including former Prime Minister Najib Razak, led by shadowy financier Jho Low, looted billions from 1MDB and hid it from the people of Malaysia. How much did they take? The DoJ put the number at $4 billion; Malaysia believes its closer to $6 billion.


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