CIJ blasts confidentiality clause excuse in 1MDB Goldman Sachs settlement

CIJ blasts confidentiality clause excuse in 1MDB Goldman Sachs settlement - Hello loyal readers FeedGoogle, In the article you are reading this time with the title CIJ blasts confidentiality clause excuse in 1MDB Goldman Sachs settlement, We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

The Centre for Independent Journalism (CIJ) is unhappy with what it calls a “lack of transparency and public accountability” following the decision of the Perikatan Nasional administration not to disclose details of the US$1.4 billion settlement between the government, 1MDB and Goldman Sachs (the “Parties”) because of “confidentiality clauses”.According to a written parliamentary reply by de facto Law Minister Takiyuddin Hassan on Nov 17, the government cannot give access to the specifics of the agreement “to avoid any legal action being taken due to breach of the terms of the agreement”.“CIJ questions why the State entered into the aforementioned agreement if it had such stringent confidentiality clauses in place that prevents disclosure,” said CIJ executive director Wathshlah G Naidu in a statement today."Surely the State and its actors are aware that such an agreement …