“Goldman Sachs conspired with individuals from Malaysia to bribe and corrupt two officials, Khadem Abdulla Al Qubaisi and Mohamed Ahmed Badawy Al-Husseiny to further the business of Goldman Sachs and 1MDB at the expense of IPIC and Aabar’s business interests,” said IPIC in a statement late this evening.
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.
