British financial watchdog launches Goldman Sachs probe
Published on 20/04/2010
Britain's Financial Services Authority on Tuesday said it was launching a formal investigation into Wall Street giant Goldman Sachs after US fraud charges were filed against the bank last week.
“Following preliminary investigations the FSA has decided to commence a formal enforcement investigation into Goldman Sachs International in relation to recent SEC allegations,” the regulator said in a statement.
The FSA added that it would liaise closely with the US Securities and Exchange Commission (SEC), which last week charged Goldman with fraud over the sale of a type of complex mortgage product blamed for the financial meltdown.
Goldman Sachs earlier denied any wrongdoing following the SEC allegations.