“We also seem to be in a deadlock with Goldman Sachs over the recovery of assets, with the bank failing so far to secure the US$1.4 billion promised,” he said. The former second finance minister said the low settlement quantum suggested there was “something amiss” in the deal. The bank also agreed to assist with recovery of an additional US$1.4 billion in assets,” said Johari. “We agreed to receive only US$2.5 billion out of the US$6.5 billion claimed. Leissner, who had himself pleaded guilty to similar charges more than four years ago, has been cooperating with prosecutors to secure a lenient sentence. Ng was convicted of conspiring with his former boss, Tim Leissner, and fugitive businessman Low Taek Jho, or Jho Low, to bribe government officials in Malaysia and Abu Dhabi to facilitate fraudulent 1MDB bond deals worth US$6.5 billion. Titiwangsa MP Johari Ghani was speaking to FMT in advance of the expected sentencing of former banker Roger Ng by US district judge Margo Brodie on March 9. PETALING JAYA: The criminal conviction of two former Goldman Sachs employees points conclusively to the “questionable” nature of the 1MDB settlement agreement entered by Muhyiddin Yassin’s administration with the investment bank, an MP said. Johari Ghani is urging the government to urgently recover funds forfeited by the US Department of Justice as 1MDB bonds worth US$3 billion are up for payment this month.
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