Zafrul says Goldman's US$3b not enough to settle 1MDB case

As long the amount is not something we think we can accept, then we continue with the legal case, says finance minister.

Malaysia's new government would not be willing to accept even compensation of US$3 billion from Goldman Sachs in a settlement over the 1MDB scandal, the finance minister told Reuters, ruling out a figure that is far higher than the bank offered last year.

The Southeast Asian nation has charged Goldman Sachs and 17 current and former directors of its units for allegedly misleading investors over bond sales totalling US$6.5 billion that the U.S. bank helped raise for sovereign wealth fund 1MDB .

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