COMMENT | Goldman Sachs settlement and bargaining power

COMMENT | Despite multiple requests from the media, I refrained from commenting on the merits of the settlement that the government of Malaysia reached with Goldman Sachs which was announced on July 24, 2020.

As the person leading the negotiations in 2019 on behalf of the previous government, I felt that it was not proper for me to publicly comment. After all, it is the prerogative of the present government to reach a deal on whatever terms it wishes.

Regrettably, I have to set the record straight and correct the misleading statements made by Finance Minister Tengku Zafrul Abdul Aziz in an interview with The Edge...