Goldman Sachs suit ‘premature’, says Johari Ghani

Free Malaysia Today

The 1MDB task force chairman says Malaysia will respond to Goldman Sachs move to pursue arbitration against the government over the 1MDB settlement.   Read More: https://www.freemalaysiatoday.com/category/nation/2023/10/12/goldman-sachs-suit-premature-says-johari-ghani/  Laporan Lanjut: https://www.freemalaysiatoday.com/category/bahasa/tempatan/2023/10/12/goldman-sachs-ambil-tindakan-pramatang-kata-johari-ghani/  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: http://bit.ly/2Rn6xEV Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on Twitter: http://bit.ly/2OCwH8a  Follow FMT on Instagram: https://bit.ly/2OKJbc6 Follow FMT on TikTok : https://bit.ly/3cpbWKK Follow FMT Telegram - https://bit.ly/2VUfOrv Follow FMT LinkedIn - https://bit.ly/3B1e8lN Follow FMT Lifestyle on Instagram: https://bit.ly/39dBDbe ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #JohariGhani #GoldmanSachs #Premature

Transcript

00:00 "Premature and without due consideration."

00:06 That is how 1MDB Task Force Chairman Johari Ghani has described arbitration proceedings

00:11 brought by Goldman Sachs against the government in the United Kingdom.

00:15 Yesterday, Bloomberg reported that the investment bank had commenced arbitration proceedings

00:20 in London following what it described as "festering disagreement" over a 1MDB settlement agreement

00:26 entered three years ago.

00:28 Johari said Malaysia is preparing to respond and will ensure that the process is carried

00:32 out diligently and in the nation's best interests.

00:35 He also denounced Goldman's move as an attempt to detract and divert attention away from

00:40 its obligation to make an interim payment to Malaysia of US$250 million as provided

00:46 for under the agreement.

00:48 Johari said a dispute arose after Goldman refused to make the payment despite failing

00:52 to recover assets worth US$500 million by August 18 last year.

00:58 He said under the terms of the agreement, the dispute was to be resolved through "amicable

01:02 good faith discussions."

01:04 Johari added that after the initial deadline expired in August last year, Malaysia granted

01:09 four extensions of time to the bank and a bid to resolve the dispute.

01:14 The current deadline was only set to expire on November 8 this year.

01:18 Danish Rajareza, FMT News.

01:20 [BLANK_AUDIO]

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