Inside Goldman’s Five-Day Race to Seal a 1MDB Deal With Malaysia
- Bank reaches $3.9 billion accord to settle Malaysia dispute
- Goldman’s offer to guarantee $1.4 billion in assets closed gap
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As negotiators from Goldman Sachs Group Inc. and the Malaysian government gathered at the Mandarin Oriental hotel in Kuala Lumpur last week, the two sides could hardly have been further apart on a 1MDB deal.
The storied U.S. bank, needing to turn the page on one of the biggest scandals in its history, started with the same offer it made to the previous government: $1.75 billion.