LGE to Goldman Sachs: Sorry no cure, just pay back US$7.5bil | TheStarTV.com

News

LGE to Goldman Sachs: Sorry no cure, just pay back US$7.5bil

Published on 18 Jan 2019 5:02:26 PM

Finance Minister Lim Guan Eng said a mere apology from Goldman Sachs over the involvement of its former banker in the scandal riddled 1Malaysia Development Bhd (1MDB) is insufficient.

He said an apology that came with US$7.5bil (RM30.8bil) was what mattered, and if Goldman Sachs followed up its apology with that payment, Malaysia would consider dropping charges against the investment bank.

Read more at https://www.thestar.com.my/news/nation/2019/01/18/lge-to-goldman-sachs-sorry-no-cure-just-pay-back/

Keywords
finance, goldman sachs, investment, lim guan eng, mof, news

Finance Minister Lim Guan Eng said a mere apology from Goldman Sachs over the involvement of its former banker in the scandal riddled 1Malaysia Development Bhd (1MDB) is insufficient.

He said an apology that came with US$7.5bil (RM30.8bil) was what mattered, and if Goldman Sachs followed up its apology with that payment, Malaysia would consider dropping charges against the investment bank.

Read more at https://www.thestar.com.my/news/nation/2019/01/18/lge-to-goldman-sachs-sorry-no-cure-just-pay-back/

Keywords:
finance, goldman sachs, investment, lim guan eng, mof, news

Up next

Autoplay

Wild boars wandering, foraging food in Shah Alam neighbourhood

Johor to become most economically developed state, says Anwar

Dubai residents reeling from 'epic rainstorm' and worst flood

Over 1,000 men report sexual harassment, says Nancy

Mt Ruang eruption: Hundreds of Sabah, Sarawak-bound passengers stranded

AI Sandbox programme expected to create 900 startups and 13,000 new talents by 2026

Scenes of chaos at Dubai airport

Bus transporting college students involved in a 12-vehicle pile-up in Batu Pahat

Papagomo submits representation to drop sedition charge

Indonesia issues tsunami warning after Ruang volcano eruption peaks

Evacuation of Malaysians in Middle East unlikely, says Wisma Putra

Matrade to organise halal showcase in Dubai

KKB by-elex: We are still deciding on the candidate, says Zambry

Former world No. 1 Momota announces retirement from international badminton

Mt Ruang eruption: Air travellers in Kuching stranded as flights cancelled

Six arrested, three sought in Canada's 'largest gold heist'

Boeing's safety culture under fire at US Senate hearing

Four killed in Israeli airstrike on an UNRWA school in Gaza, says health ministry

Police rescue cat clinging to car door in Dubai flooding

Stabbed Sydney Assyrian bishop says recovering quickly, forgives attacker

PBRS founder Joseph Kurup passes away at 80

Storm dumps heaviest rain ever recorded in UAE, flooding roads and Dubai's airport

Fahmi: Zahid’s affidavit on royal addendum for Najib's house arrest not discussed by Cabinet

Pulau Angsa incident: Crashed MMEA chopper's black box found

NGO urges AG to look into complaints by 500 investment scam victims

Sydney mall attack: Westfield Bondi Junction to reopen on Thursday (April 18)

Fahmi: Home Ministry to draft Bill to set up coordinating body for surveillance of entry points

Yiwu's small commodity wholesalers cash in for Paris Olympics

Paris enters 100-day countdown to Olympic Games

Heitech Padu awarded RM190mil contract before Farhash became shareholder, says Fahmi

EPF revamp: Members below 55 will have three accounts

HeiTech Padu contract awarded via open tender, says Loke

Raya songs with urumi beats captivate Malaysian hearts

Royal order for Najib's house arrest is real, says Zahid

PJD Link project discontinued because developer failed to meet conditions, says Fahmi

500kg croc captured by firemen in Merlimau

Police airlift flood victims in Oman

Cars stuck in road slip in Selayang due to heavy morning downpour

Hundreds evacuated after Indonesia's Ruang volcano erupts

US envoy says full UN membership won't help Palestinians with statehood

Media barred from covering Najib’s judicial review bid related to house arrest

Israeli airstrikes land in Rafah neighbourhoods, killing at least seven in two days

Three houses destroyed in Keningau fire

KLIA shooting: Bodyguard had successful five-hour surgery, says wife

Floods hit several areas in Subang, Sungai Buloh

Global gathering for planetary health

Chegubard, Papagomo summoned to give statements over social media posts

Three killed, three more injured in seven-vehicle pile-up

More collaborations expected with Singapore under new PM, says Abang Jo

Famous Batu Lanchang nasi tomato stall razed in fire

KLIA shooter flown back to Selangor

MOT does not oppose MMC's port stake divestment to foreign entities, says Loke

NSC, cops to give input on tightening airport security, says Loke

KLIA shooting: 'I need seven lawyers', says suspect

Private companies welcome to invest in EV charging facilities, says Loke

Tamrin 'ready to face court' over blog post

‘Rust' armourer sentenced to 18 months in prison

KLIA shooting: Suspect remanded seven days

Australian police say Assyrian church stabbing was terrorist attack

Civil servant, trader among five detained for making threats

Sydney mall attacker's dad: To you, he's a monster but to me, he's very sick boy

Malaysia aims to become premier durian destination, says Lim

Bishop stabbed, scores of people wounded in Sydney church attack

Former SRC International director: I was just barred from overseas travel

Singapore's Lee to hand over power to successor Wong on May 15

KJ’s vaccine defamation suit settled out of court, Lokman Noor apologises

Lorry driver pleads not guilty to attempted murder on traffic cop

KLIA shooter arrested, says IGP

A war of words at UN meet as Israel and Iran face each other over attacks

Middle East crisis: G7 calls on Iran to restrain, Biden tells Israel US will not take part

Police in KLIA 1 to get electric scooters to aid patrols

Investigations did not warrant protection order for KLIA shooter's wife, say cops

Fire razes Mulu rep’s house in Bario

KLIA shooting: We didn’t engage in shoot-out with suspect due to public safety, says Selangor top cop

Elephant killed after being hit by SUV on Gerik-Jeli road

Calls for cessation of Iran-Israel military confrontation grow stronger

PM: Global community must work towards ending unrest in Middle East

PM: Unity govt has never neglected Indian community

Anwar to meet ministers to discuss Middle East crisis

Sydney cops: Mall attacker Joel Cauchi suffered mental issues

No final flourish as Sze Fei-Izzuddin lose to China in Asian meet

KLIA shooting: Target advised against making statements on incident

Israel says it shot down 99% of 300 missiles and drones fired by Iran

Tributes pour in for six Sydney mall attack victims

Security at KLIA to be reviewed after shooting, says CID director

Cops: KLIA shooting suspect was in midst of divorce, had criminal record

Gobind Singh joins community in Vaisakhi celebration

Cops identify KLIA shooting suspect

Shots fired at KLIA 1, one injured

Vaisakhi, the biggest Sikh celebration

Sydney police believe knife attack at mall not terror related

Turkiye wraps up operation, rescues 174 stranded after cable car crash

Philippine's Marcos dares Duterte to explain 'secret deal' with China on West Philippine Sea

Sandakan cops on the hunt for man caught snatching woman's handbag

Sacred relic chronicles Pahu village’s past

Vaisakhi 2024: Ramli pays tribute to Sikh community

Sydney knife attacker at Westfield Bondi Junction mall is lone suspect, say police

Six killed, several more wounded in Sydney mall stabbings

USAS student killed in Kuantan car crash, three others injured

Philippine deals with US, Japan will not affect China's investments, Marcos says

One killed, seven injured in tragic cable car crash in southern Turkiye

RM50mil fund to give Indian women micro-entrepreneurs a leg up on business

Mother, baby killed in accident with tanker lorry in Johor

Italian fashion designer Roberto Cavalli dies aged 83

Notre-Dame nears re-opening five years after fire

Passing of O.J. Simpson: Some miss him, others don't

King expresses hope for increased investment from Chinese companies in Malaysia

Ten years after South Korean ferry disaster, mothers express their grief on stage

Gazan children build games out of rubble on Eid al-Fitr

KKB by-election: Anwar yet to discuss Pakatan candidacy

Vietnam's tycoon sentenced to death over record fraud

Anwar performs Friday prayers at Bandar Utama Batang Kali Mosque

Cop involved in fatal collision with teen in Melaka arrested

Israeli 'spy' claims trial to charges of possessing, trafficking firearms

Gaza attack: Anwar reaches out to Hamas leader to convey condolences

A sad, final goodbye for Sister Enda

Former Dewan Bahasa dan Pustaka DG Firdaus Abdullah laid to rest

Hundreds gathered at temple to usher in Telugu New Year

Four detained after 'fireworks battle' in Kelantan

Govt to expedite looking into HKL third class ward facilities, says Anwar

MBPP prepared to face disaster following heavy rain, strong winds

Teen ran over by police vehicle in Melaka dies in ICU

Five people arrested over shooting in Philadelphia during Muslim celebration

Five injured after bridge collapsed in Semporna coastal village

Car with eight foreigners collides with lorry on NSE, three killed

Lorry driver on drugs nabbed after 50km police chase

Health Minister visits patients and hospital staff on first day of Hari Raya

Medical Act amendments to address gap between parallel pathway, local master's programmes

Garbage truck brake failure leads to pile-up collision in Selangor

Peja among 1,000 descendants of Dukut Maharajo at biennial Raya gathering

Muslims nationwide start Aidlifitri celebrations with solat prayers

Five dead, 19 injured in Hong Kong gym fire

Pakistan marks end of Ramadan with mass Eid al-Fitr prayer

Simon Harris becomes Ireland's youngest ever PM

King, Queen perform Aidilfitri prayers at Istana Negara

PM Anwar calls for unity of Malaysians to spur nation to greater heights in Hari Raya address

Two nabbed for dangerous fireworks set off at Sungai Petani

Teen girl killed as bike collides with lorry in Klang

Muslims in Malaysia to celebrate Hari Raya on April 10

Ex-cop gets the best Hari Raya gift

Experts to check Qing Xin Ling Leisure and Cultural Village site after fatal rock fall

Thousands head home from Bangladesh capital to celebrate long Eid holiday

Baltimore holds vigil for victims of deadly bridge collapse

Motorist charged with reckless driving resulting in teen siblings' deaths

Canadians cheer as solar eclipse darkens sky

Millions of Indonesians brave mass traffic jams on journey home for Eid

Tesla Cybertruck previewed in Malaysia

Going undercover to uncover bus driver misconduct

Woman among seven arrested over alleged involvement in loan shark syndicate

Inform cops if leaving your home during the festive season, says IGP