Goldman’s 1MDB Scandal Deepens With Abu Dhabi Funds’ Lawsuit
- IPIC, Aabar Investments seek unspecified damages from the bank
- Analyst sees additional lawsuits, probes of Goldman Sachs
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Goldman Sachs’s Malaysia fraud and bribery scandal intensified Wednesday after two Abu Dhabi investment funds claimed in a lawsuit they suffered losses from the bank’s “central role” in the case.
International Petroleum Investment Co. and Aabar Investments alleged in a court filing that Goldman Sachs Group Inc. paid bribes to former fund officials, who in exchange “agreed to manipulate and mislead IPIC and Aabar, and to misuse the companies’ names, networks, and infrastructures to further the criminal schemes and to personally benefit.”