New York (CNN Business)An Abu Dhabi sovereign wealth fund has sued Goldman Sachs for losses tied to the 1MDB embezzlement scandal. The lawsuit deepens scrutiny of Goldman for its alleged role in the saga.
International Petroleum Investment Company, and its subsidiary, Aabar, on Wednesday filed a summons in New York state court naming the investment bank as a defendant.
Goldman Sachs (GS) played a “central role” in implicating IPIC in the scheme to launder money from Malaysia’s sovereign wealth fund, 1Malaysia Development Berhad, the fund said in a statement. 1MDB and IPIC had been business partners before the 1MDB fund erupted in controversy.
