Comment on Malaysia Tells Goldman Sachs to Pay Compensation Instead of Apologizing

Malaysia Tells Goldman Sachs to Pay Compensation Instead of Apologizing

(PUTRAYAJAYA, Malaysia) — Malaysia’s Finance Minister Lim Guan Eng said Friday that an apology by Goldman Sachs for its role in the alleged multibillion-dollar ransacking of state investment fund 1MDB was insufficient and that it must pay $7.5 billion as compensation. Goldman CEO David Solomon apologized Wednesday to the Malaysian people for former banker Tim Leissner’s role in arranging bond sales for 1MDB.

 

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