The report quoted Goldman Sachs as saying in a written response: "The firm relied on documents provided by IPIC executives and legal opinions of outside counsel evidencing IPIC's authority to enter into the guarantee."
It was reported that Goldman Sachs did not elaborate. It was reported that Abu Dhabi government officials did not respond to requests for comment on why IPIC committed itself to the guarantees without board approval.
At the time of writing this theedgemarkets.com report, 1MDB had not issued a statement in response to The Straits Times report.
