Kit Siang To Goldman Sachs Sorry Is No Cure Pay Up

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Banking giant Goldman Sachs must now explain how it intends to compensate Malaysians for its role in the 1MDB controversy, said DAP parliamentarian Lim Kit Siang
"It is not enough for the global mega-bank Goldman Sachs to feel 'horrible' for its principle role in the international 1MDB corruption and money-laundering scandal
"It is time for it to explain how it is going to compensate 32 million Malaysians for its criminal breach of trust and kleptocracy
"It is crystal clear that without Goldman Sach's role, the 1MDB scandal would not have become, in the words of the former United States attorney-general Jeff Sessions at the inaugural Global Forum on Asset Recovery last December, 'kleptocracy at its worst'," said Lim in a statement today
Lim was referring to Goldman Sachs chief executive David Solomon who said that he felt "horrible" that two former employees "blatantly broke the law" in their dealings with 1MDB
Goldman Sachs had helped organised three bonds from 2012 and 2013, earning US$600 million in the process
The two former employees are Tim Leissner and Roger Ng. Leissner has been convicted in Singapore and pleaded guilty to money laundering charges in the US while Ng will face similar charges as well.Lim urged Goldman Sachs to state whether it will help Malaysians who are seeking justice because they are victims of the "horrible" 1MDB scandal
"The billions lost in the 1MDB scandal could go to create jobs, provide places in schools and universities and to build clinic and hospitals for Malaysians and not to pad ill-gotten gains of crooks and kleptocrats," said Lim. - Mkini

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