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Goldman Sachs sued by Abu Dhabi fund over 1MDB scandal

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NEW YORK - An Abu Dhabi sovereign wealth fund sued Goldman Sachs on Wednesday (Nov 21) 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 (IPIC), names Goldman Sachs as well as former Goldman officials who were charged by the US Justice Department in indictments unsealed earlier this month.

 

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