Venezuela opposition leaders are decrying Inc.'s purchase of bonds from the socialist government of President
Nicolas Maduro, who has been targeted by almost two months of protests. The
Wall Street Journal reported Sunday that the bank has bought $2.8 billion in
bonds from the state-run oil company PDVSA at a steeply discounted price. Opposition
leaders accused the bank of getting in bed with a deeply unpopular
administration. Julio Borges, president of the opposition-led Congress, said
Goldman Sachs is propping up a dictatorship and argued that the bond purchase
violated the bank's own code of conduct. In a statement, Goldman Sachs
acknowledged it purchased the bonds, but said they were bought in the secondary
market and not directly from the Venezuelan government More…
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