China News Service, June 8 According to Singapore's "Lianhe Zaobao" reported on the 8th, Malaysian Finance Minister Zafru revealed that the Malaysian government is unwilling to accept the Goldman Sachs Group's $3 billion "One Malaysia Company" compensation.

  According to reports, Zafru said in an exclusive interview with Reuters that he had talks with Goldman Sachs representatives in May. "We are working hard to fight for the rights and interests of the Goldman Sachs Group, and legal cases are still in progress, so we still have to wait for their results."

  He said that the Goldman Sachs Group’s compensation was higher than the amount previously recommended, but the Malaysian government still refused to reach a settlement agreement with Goldman Sachs.

  Zafru said, "As long as we believe that the amount of compensation does not meet the (government) requirements, we will continue to pursue legal proceedings." But he refused to disclose the amount of compensation acceptable to Malaysia. Nail, the head of the Goldman Sachs Group in Asia, declined to comment on Malaysia’s refusal to accept compensation.

  According to reports, Malaysia’s former Attorney General Tommy Thomas disclosed in December 2019 that the government had filed criminal proceedings against the Goldman Sachs Group and its 17 former and current executives involved in the “One Malaysian Company” malpractice case. Goldman Sachs recovers US$8 billion to US$9 billion in damages, including US$6.5 billion worth of one Malaysian corporate bonds and interest.

  Tommy Thomas said that when Goldman Sachs issued a total of US$6.5 billion in bonds for one Malaysian company from 2012 to 2013, it charged a commission of about 10% or about US$600 million, far exceeding the normal fees of 1% to 2% of ordinary banks. He said that during the bond issuance, 2.7 billion US dollars of funds were embezzled.

  "One Malaysia Development Co., Ltd." (1MDB) is an investment company established by former Malaysian Prime Minister Najib after he became prime minister in 2009. The prosecutor accused Najib of making profits in a transaction involving SRC International, a former subsidiary of "One Malaysian Company," and charged him with 3 counts of back-trust, 3 money laundering, and 1 abuse of power. In May 2018, Malaysia held an election and Najib lost the election. Since retiring as prime minister, Najib has received more than 40 accusations, but he has denied them.