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. 

 

REFERENCE LINK:

https://goo.gl/GBP2jE