Malaysia Said to Privately Discuss $2B-$3B Goldman Penalty Over 1MDB

Malaysia Said to Privately Discuss $2B-$3B Goldman Penalty Over 1MDB

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Interactive Video

Business

University

Hard

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The transcript discusses Malaysia's efforts to recover funds from Goldman Sachs related to the 1MDB scandal. Goldman Sachs helped raise $6.5 billion, with $600 million in fees, but much of the money went missing. Malaysia seeks $7.5 billion in reparations but is negotiating for $2-3 billion. The talks are led by a trusted former finance minister, who has experience in renegotiating major projects with China.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Who was tasked with leading the Council of Elders to address Malaysia's financial situation?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What project did Malaysia successfully renegotiate with China?

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