Key facts
- Sao Paulo civil police accused two Goldman Sachs representatives of fraud.
- The accusation relates to a public share tender offer for Oncoclinicas.
- The tender offer was for minority shareholders of Oncoclinicas.
- Goldman Sachs denies the allegations.
- The dispute involves a public share tender offer.
Sao Paulo civil police have formally accused two executives from Goldman Sachs of fraud. The accusations stem from a dispute over a public share tender offer related to the cancer treatment group Oncoclinicas. Specifically, the tender offer was for minority shareholders of Oncoclinicas. Goldman Sachs has issued a denial of the allegations brought forth by the Brazilian police. The legal proceedings are currently unfolding in Sao Paulo.