US$7.5b an ‘extremely reasonable’ sum for Goldman Sachs to pay Putrajaya over 1MDB fiasco — Guan Eng

KUALA LUMPUR (Jan 14): The US$7.5 billion compensation sought by Malaysia from Goldman Sachs for the 1MDB scandal is an ‘extremely reasonable’ amount, CNBC reported Finance Minister Lim Guan Eng as saying.
 
The sum considers the 1MDB bonds issue arranged by the American investment bank, which Lim reportedly said was “astronomical” and done in “very unfavourable” terms.  

According to a report by the Financial Times last December, Goldman Sachs helped arrange three 1MDB bonds worth US$6.5 billion 2012 and 2013 for a hefty fee of US$600 million. 

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