Goldman unit denies stock dump
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Singapore
A GOLDMAN Sachs Group Inc unit denied dumping a Singapore private wealth client's shares that it held as collateral and said that it is still owed money.
Quah Su Ling sued Goldman Sachs International in London, accusing it of breach of contract for selling her shares in Blumont Group Ltd, Asiasons Capital Ltd and LionGold Corp and depressing their prices. Goldman Sachs International countersued for US$12.3 million that it says it is still owed.
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