KUALA LUMPUR, Oct 12 — Goldman Sachs’ action of initiating arbitration proceedings may be an attempt to detract and divert attention away from their obligation to pay US$250...
Hindu mum Loh Siew Hong’s case: High Court rejects Perlis Islamic Council’s bid to gain access to her children for religious education
He said that the taskforce committee was “quite surprised” at the firm’s conduct as they had believed they were still under good faith discussions to resolve any disputes amicably.
Goldman Sachs disputed the accounting a year ago that claimed Malaysia had not recovered US$500 million and both parties entered into good faith discussions which were supposed to last for three months but were extended four times. “At this juncture, parties are still considered to be in the Amicable Good Faith Discussions stage and therefore as an aggrieved party, the 1MDB Taskforce views Goldman Sachs’ initiation of arbitration proceedings as premature and without due consideration of necessary prerequisites,” said Johari.
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