The logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. Photo: AP

Malaysia privately discusses slashing Goldman Sach’s 1MDB penalty to just US$2 billion

  • Malaysia has long said the Wall Street bank owes US$7.5 billion, in what Finance Minister Lim Guan Eng called ‘reparation payments’
  • But negotiators now seem prepared to settle for a fraction of that, so that a deal can be reached before the end of the year
Topic |   Malaysia 1MDB scandal

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The logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. Photo: AP
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Former Malaysian Prime Minister Najib Razak, centre, at the high court in Kuala Lumpur. Photo: EPA

Najib’s corruption trials in Malaysia hinge on knowledge of 1MDB funds in his account

  • His defence said prosecutors have not shown evidence that the former prime minister had a ‘corrupt intent’ to take the money found in his account
  • The case will serve as a key test of Malaysia’s ability to get to the bottom of the 1MDB scandal and bring those responsible to justice
Topic |   Malaysia 1MDB scandal

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Former Malaysian Prime Minister Najib Razak, centre, at the high court in Kuala Lumpur. Photo: EPA
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