Mubadala halts business with Goldman amid lawsuit


  • Business
  • Saturday, 16 Mar 2019

DUBAI: Abu Dhabi state investor Mubadala has suspended new business dealings with Goldman Sachs since its subsidiary filed a lawsuit in November against the US bank and others to recover losses suffered through its dealings with 1Malaysia Development Bhd (1MDB).

“We have suspended any activities with Goldman Sachs pending outcome of the litigation,” Brian Lott, spokesman of Mubadala Investment Co, said in response to questions from Reuters.

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