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Goldman Sachs Files a Billion Dollar Lawsuit Against Businessman

Goldman Sachs Files a Billion Dollar Lawsuit Against Businessman

Goldman Sachs has filed a $1 billion counter lawsuit on Tuesday against an Indonesian businessman who is seeking damages from US bank over ownership of shares in the company he manages.

“The bank is seeking damages from Benny Tjokrosaputro’s 15 trillion rupiah ($1.1 billion) lawsuit, which alleged that the firm obtained a stake in property developer PT Hanson International improperly.”

~ Bloomberg

The bank is seeking damages from Benny Tjokrosaputro’s 15 trillion rupiah ($1.1 billion) lawsuit, which alleged that the firm obtained a stake in property developer PT Hanson International improperly. Goldman has said that it bought 425 million shares from US hedge fund Platinum Partners LLC through Indonesian stock exchange in 2015.

Related Reports: Bloomberg, CNBC

 

About Goldman Sachs

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

Visit: Goldman Sachs

 


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