U.S. investment bank Goldman Sachs has reached a $3.9 billion US settlement with the Malaysian government over the multibillion-dollar 1MDB scandal, the two sides said on Friday.
The deal includes a $2.5 billion cash payout by Goldman and a guarantee by the bank to return at least $1.4 billion in assets linked to 1MDB bonds, Malaysia's finance ministry said in a statement.
"We are confident that we are securing more money from Goldman Sachs compared to previous attempts, which were far below expectations," Finance Minister Tengku Zafrul Aziz said in a statement.
Former Malaysian Prime Minister Najib Razak, left, in a tan suit and wearing a face mask, is shown last month at a court appearance in Kuala Lumpur. Najib is set to find out the verdict in one of the trials he faces in the 1MDB scandal next week. (The Associated Press)
