IPOH: A 41-year-old woman with a 'Datuk' title has been charged with stealing two luxury watches from a house in Pinggiran Rapat Ria here.
KUALA LUMPUR: The government will respond to Goldman Sachs’ filing for arbitration against Malaysia in the 1Malaysia Development Bhd settlement dispute in accordance with the established legal frameworks while ensuring the interests of Malaysians are safeguarded.
“We filed for arbitration against the government of Malaysia for violating its obligations to appropriately credit assets against the guarantee provided by Goldman Sachs in our settlement agreement and to recover other assets,” the report quoted a spokesman for the New York-based bank as saying. The Goldman Sachs Settlement Agreement was signed on Aug 18, 2020, consisting of two parts: a cash payment of US$2.5bil paid 10 days from signing of the settlement agreement and an asset recovery guarantee of US$1.4bil by Goldman Sachs within five years from the date of the settlement agreement.
A separate extension was granted by the Malaysian government to Goldman Sachs on the expiration of the initial Aug 18, 2022 deadline to try and amicably settle this dispute.
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