Goldman Sachs settlement and bargaining power

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Despite multiple requests from the media, I refrained from commenting on the merits of the settlement that the government of Malaysia reached with Goldman Sachs which was announced on July 24, 2020.  As the person leading the negotiations in 2019 on behalf of the previous government, I felt that it was not proper for me to publicly comment. After all, it is the prerogative of the present government to reach a deal on whatever terms it wishes. Regrettably, I have to set the record straight and correct the misleading statements made by Finance Minister Tengku Zafrul Abdul Aziz in an interview with The Edge.  Excerpt of interview question and answer  “Why didn’t you just make the same demand as the Pakatan Harapan government by proceeding with the charges and force them to pay? Did the previous demands result in a concluded settlement? The criminal charges initiated by the former atto…