Wednesday, 28 Oct 2020

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

DUBAI (Reuters) – Abu Dhabi’s International Petroleum Investment Co (IPIC) said in a statement on Wednesday it had filed a lawsuit against U.S. investment bank Goldman Sachs (GS.N) and others to recover losses incurred due to the Malaysian state fund 1MDB.

IPIC said in the statement it filed a civil legal action in New York against the parties, including Goldman, alleging they “played a central role in a long-running effort to corrupt former executives of IPIC and its subsidiary Aabar Investments, and mislead IPIC and Aabar.”

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