Abu Dhabi state investor Mubadala said on March 14 it had suspended new business dealings with Goldman Sachs following the filing of a lawsuit by its subsidiary in November to recover losses suffered through dealings with Malaysian state fund 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. “The only exceptions are engagements signed prior to the litigation, which will continue as per contractual terms,” he said.
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