Lawyers for two US labor union funds are demanding that Goldman Sachs investigate the investment bank’s role in the US$4.8 billion 1Malaysia Development Bhd. scandal, currently the world’s largest financial mess, and commence legal action for breach of fiduciary duty by bank officials responsible for “facilitation of bribery, money laundering and kickbacks.”
Labor Union Funds Add to Goldman’s 1MDB…
Lawyers for two US labor union funds are demanding that Goldman Sachs investigate the investment bank’s role in the US$4.8 billion 1Malaysia Development Bhd. scandal, currently the world’s largest financial mess, and commence legal action for breach of fiduciary duty by bank officials responsible for “facilitation of bribery, money laundering and kickbacks.”
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