Pursuits
Goldman Accused of Betrayal to Curry Malaysian PM’s Favor
- Suit alleges company conspired to effect $1.7 billion sale
- Primus Pacific Partners 1 filed suit in NY state court Tuesday
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Goldman Sachs Group Inc. has another Malaysia problem.
The New York-based bank, already under scrutiny by regulators over its fundraising for the embattled 1Malaysia Development Bhd, is now accused in a lawsuit of selling out a client to curry favor with Prime Minister Najib Razak, who controlled the billion-dollar state fund.