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Home / Issues / 1mdb Watch

IPIC sues Goldman Sachs over 1MDB scandal

1MDB Watch

IPIC sues Goldman Sachs over 1MDB scandal

Khairie Hisyam Aliman Published on Thu, Nov 22, 2018 / 7:12 AM GMT+8

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KUALA LUMPUR (Nov 21): The International Petroleum Investment Company (IPIC) is suing Goldman Sachs Group Inc for playing a “central role” in the 1Malaysian Development Bhd (1MDB) scandal, which IPIC says caused it “significant financial exposure and losses”.

In a legal action filed in a New York State court today, the Abu Dhabi sovereign wealth fund claims that Goldman Sachs had conspired to bribe its former top executives.

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