In an emailed statement on Friday, Goldman said Goldman Sachs International bought the shares from New York hedge fund Platinum Partners in a series of “valid” transactions on the Indonesia Stock Exchange between February 2015 and March 2016. 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 committing a $ 1bn fraud . The bank warned the legal dispute may affect foreign economic 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 committing a $ 1bn fraud . The bank warned the legal dispute may affect foreign economic sentiment towards Indonesia , Southeast Asia 's biggest economy .