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Abu Dhabi's IPIC drops lawsuit against Goldman Sachs over 1MDB scandal

Oct 21, 2020 - Business Standard India

Abu Dhabi state fund Mubadala Investment Co, which controls IPIC, had suspended business dealings with Goldman after the lawsuit AbuDhabi's International Petroleum Investment Co (IPIC) said on Wednesday that it was dropping a lawsuit against Goldman Sachs Group Inc to recover losses suffered from the US investment bank's dealings with Malaysian state fund 1MDB.

The lawsuit had alleged that Goldman conspired with unidentified people from Malaysia to bribe its two former executives - ...