Boycott Goldman Sachs, left wing MPs say
The Dutch government is being urged to break its ties with US merchant bank Goldman Sachs, currently at the centre of a major fraud investigation, the Volkskrant reports on Wednesday.
Socialist and Labour MPs have urged the cabinet to boycott the company, which is being accused of deliberately misleading investors about controversial mortgages.
‘The government should do business in a socially-responsible way,’ Labour MP Paul Tang is quoted as saying.
In the Netherlands, Goldman Sachs is involved in trading Dutch state debt.
Too early
But Liberal MP Frans Weekers told the paper finance minister Jan Kees de Jager should first talk to the British and American financial sector regulators before taking a decision.
However, ‘if what I read is true, there is every reason to reconsider the relationship between the government and Goldman Sachs,’ he said.
A spokesman for the finance ministry said it was still too early to act. ‘We will first wait for the outcome of the British and American investigations and then decide if the results are relevant to the work Goldman Sachs does for us,’ he said.
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