Goldman's 1MDB Headache Worsens With Lawsuit From Abu Dhabi Funds

The transcript discusses the ongoing challenges faced by Goldman Sachs, particularly related to the IMDB saga. It highlights the involvement of Abu Dhabi as a co-guarantor on government-issued bonds and their claims of losses due to Goldman's alleged bribery of officials. Goldman Sachs has responded by stating they are investigating the matter but deny any wrongdoing, asserting that they believed the funds were for legitimate purposes.

What role did Abu Dhabi play in the 1MDB bonds?

• They were the sole issuer of the bonds.

• They were a co-guarantor for the bonds.

• They purchased all the bonds.

• They had no involvement with the bonds.

What is Abu Dhabi currently seeking from Goldman Sachs?

• A public apology

• Their money back due to losses

• More investment opportunities

• A partnership in future projects

How has Goldman Sachs responded to the allegations?

• They have admitted to all allegations.

• They have filed a lawsuit against Abu Dhabi.

• They are ignoring the allegations.

• They are investigating the claims.

What was Goldman's initial belief about the use of the funds?

• They would be used for personal gains.

• They would be used for developing power plants in Malaysia.

• They would be invested in real estate.

• They would be used for buying luxury goods.

What is Goldman's current stance on the allegations?

• They are planning to settle the case.

• They are unsure about their involvement.

• They are denying any wrongdoing.

• They are admitting to wrongdoing.