An Abu Dhabi sovereign wealth fund sued Goldman Sachs over its involvement in the 1MDB fraud scandal. The lawsuit by the International Petroleum Investment Company, filed Wednesday, claims the bank played a “central role” in the scheme, the Wall Street Journal reported. Goldman Sachs underwrote $3.5 billion in bonds issued by 1MDB, a Malaysian sovereign wealth fund, that IPIC guaranteed. U.S. prosecutors later accused officials at both funds of using the bond issuance to siphon […]
source https://therealdeal.com/2018/11/21/abu-dhabi-fund-sues-goldman-sachs-over-role-in-1mdb-scheme/
No comments:
Post a Comment