KUALA LUMPUR (Dec 10): Malaysian Prime Minister Mahathir Mohamad is hopeful of reaching an out-of-court settlement with Goldman Sachs  over the 1MDB scandal soon, but that compensation of “one point something billion” dollars offered by the bank was too small.

The Southeast Asian nation has charged Goldman and 17 current and former directors of its units for allegedly misleading investors over bond sales totaling US$6.5 billion ($8.8 billion) that the U.S. bank helped raise for sovereign wealth fund 1Malaysia Development Bhd (1MDB).

Mahathir said they have demanded US$7.5 billion from Goldman and negotiations were ongoing.

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