Goldman Sachs Sued Over ‘Central Role’ in 1MDB Scandal
AbuDhabi sovereign-wealth fund says Goldman enabled Bribes
Abu Dhabi sovereign-wealth fund accused Goldman Sachs in a lawsuit filed Wednesday of playing a “Central Role”
in an international corruption scandal and enabling bribes to former top executives at the 1MDB fund.
International Petroleum Investment Company, a one-time investment partner of scandal-struck 1MDB,
named Goldman Sachs in a lawsuit filed in the state court in New York.
The suit, which also named several other individuals associated with 1MDB, didn’t specify the amount of damages
the Abu Dhabi sovereign-wealth fund was seeking.
The new law suit filing comes on the heels of a US Justice Department criminal case unsealed earlier in November
against former senior level Goldman executives, alleging they and others were involved in a conspiracy to defraud
the Malaysian fund of billions of dollars.