Abu Dhabi’s IPIC files lawsuit against Goldman Sachs, others over 1MDB case

 

NEW YORK, Nov 22 — An Abu Dhabi sovereign wealth fund sued Goldman Sachs yesterday for allegedly conspiring against the Middle Eastern fund to further a criminal scheme by Malaysia’s scandal-plagued 1MDB.

The suit, filed in a New York court on behalf of Abu Dhabi’s International Petroleum Investment Company, names Goldman Sachs as well as former Goldman officials who were charged by the US Justice Department in indictments unsealed earlier this month.

“This action seeks redress for a massive global conspiracy on the part of the defendants to defraud and injure plaintiffs,” said the lawsuit, which also named former executives from IPIC and its subsidiary Aabar Investments.

“As part of the scheme, Goldman Sachs conspired with others to bribe IPIC’s and Aabar’s former executives...to join the conspiracy and act against the interests of IPIC and Aabar.”

To read more visit malay mail websit at https://www.malaymail.com/s/1695793/abu-dhabis-ipic-files-lawsuit-against-goldman-sachs-others-over-1mdb-case