Goldman Sachs International has rejected allegations that it made "unlawful" trades in the shares of a property firm "without the consent" of Benny Tjokrosaputro , the Adrian businessman who owned the 425 million Hanson shares that Goldman traded. The businessman is seeking $ 1.1bn in damages. Goldman Sachs bought the shares in "valid" transactions from New York hedge fund Platinum Partners , the bank said in a statement. Executives of Platinum Partners were arrested in December and charged with running a $ 1.1bn fraud. The bank warned the legal dispute may affect foreign investor sentiment towards Indonesia , Southeast Asia's biggest economy.
Goldman Sachs has rejected allegations that it made "unlawful" trades in the shares of a property firm "without the consent" of Benny Tjokrosaputro, the Indonesian businessman who owned the 425 million Hanson shares that Goldman traded. The businessman is seeking $1.1bn in damages. Goldman Sachs International bought the shares in "valid" transactions from New York hedge fund Platinum Partners, the bank said in a statement. Executives of Platinum Partners were arrested in December and charged with running a $1bn fraud. The bank warned the legal dispute may affect foreign investor sentiment towards Indonesia, Southeast Asia's biggest economy.