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PH govt sought US$4b settlement with Goldman Sachs, says finance minister

During his winding up speech, Finance Minister Tengku Datuk Seri Zafrul Aziz said that there were records proving that the previous government, on Dec 13, 2019, offered an out-of-court settlement for an amount of US$4 billion with Goldman Sachs. However, the US-based investment bank rejected the offer and made a counter-offer of US$1.5 billion.

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