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ABU DHABI (Reuters) – Abu Dhabi’s International Petroleum Investment Co (IPIC) said on Wednesday it had filed a lawsuit against U.S. investment bank Goldman Sachs (GS.N) and others to recover losses suffered through its dealings with Malaysian state fund 1MDB. 1Malaysia Development Bhd (1MDB) [TERRN.UL] is the subject of corruption and money-laundering investigations in at least six countries wedding cufflinks for groomsmen uk sale. Government-owned IPIC said in a statement it filed a civil legal action in New York against Goldman, and others, 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”..
The suit alleges Goldman conspired with unidentified people from Malaysia to bribe Khadem Abdulla al-Qubaisi, former IPIC managing director and Aabar chairman, and Mohamed Ahmed Badawy al-Husseiny, former Aabar chief executive, to further the business of Goldman and 1MDB at the expense of IPIC and Aabar. “We are in the process of assessing the details of the allegations and fully expect to contest the claim vigorously,” a Goldman spokesman said wedding cufflinks for groomsmen uk sale. Malaysian government officials could not immediately be reached for comment..
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