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title: Malaysia Tells Goldman Sachs to Pay Compensation Instead of Apologizing | TIME
description: Malaysia’s Finance Minister Lim Guan Eng said Friday that an apology by Goldman Sachs for its role in the alleged multibillion-dollar ransacking of state investment fund 1MDB was insufficient and that it must pay $7.5 billion as compensation..
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og:description: Malaysia’s Finance Minister Lim Guan Eng said Friday that an apology by Goldman Sachs for its role in the alleged multibillion-dollar ransacking of state investment fund 1MDB was insufficient and that it must pay $7.5 billion as compensation..
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twitter:title: Malaysia Tells Goldman Sachs to Pay Compensation Instead of Apologizing
twitter:description: Malaysia’s Finance Minister Lim Guan Eng said Friday that an apology by Goldman Sachs for its role in the alleged multibillion-dollar ransacking of state investment fund 1MDB was insufficient and that it must pay $7.5 billion as compensation..
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# Malaysia Tells Goldman Sachs to Pay Compensation Instead of Apologizing

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<!-- video src="https://cdn.jwplayer.com/manifests/NZDVuasg.m3u8" -->
## Video: Malaysia Tells Goldman Sachs to Pay Compensation Instead of Apologizing

[Watch (HLS stream): Malaysia Tells Goldman Sachs to Pay Compensation Instead of Apologizing](https://cdn.jwplayer.com/manifests/NZDVuasg.m3u8) (0:25)

![Malaysia Tells Goldman Sachs to Pay Compensation Instead of Apologizing](https://cdn.jwplayer.com/v2/media/NZDVuasg/poster.jpg?width=720)

_Published 2019-01-18. Malaysia’s Finance Minister Lim Guan Eng said Friday that an apology by Goldman Sachs for its role in the alleged multibillion-dollar ransacking of state investment fund 1MDB was insufficient and that it must pay $7.5 billion as compensation.._


---

Jul 28, 2023 3:16 AM UTC

---

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---


## Transcript

Goldman Sachs should understand the agony and the trauma suffered by the Malaysian people as a result of the 1MDB scandal. And apology is Just not sufficient, not enough. And only when you pay with reparations and conversations then will that be sufficient

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