Goldman rejects businessman's ₹7,400 cr unlawful trade claim
Banking major Goldman Sachs has rejected allegations by an Indonesian businessman who is seeking $1.1 billion (over ₹7,400 crore) in damages for alleged "unlawful" trade in shares of a property firm. The transaction was conducted unlawfully and/or without consent, the businessman claimed. However, Goldman said the shares were bought in a series of valid transactions on Indonesia Stock Exchange.