Goldman Sachs has now completely written off its stake in the Weinstein Company

 
Emma Haslett
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Weinstein faces sexual abuse and harassment allegations from more than 50 women (Source: Getty)

Goldman Sachs has written down the value of its stake in film producer Harvey Weinstein's company to zero, according to a report.

Goldman had originally put its stake in the Weinstein Company, which is behind the likes of The King's Speech, The Hateful Eight and Paddington, up for sale last month.

It is thought Goldman's stake in the company is small, with a spokesman telling Reuters it was valued at less than $1m (£763,000).

Weinstein, who stepped down as chairman of the company last month, has now been accused of sexual assault or harassment by more than 50 women. He has denied having non-consensual sex.

The ensuing scandal has spread across the Atlantic to Wesminster, leading to the resignation of defence minister Sir Michael Fallon over "past behaviour" at the beginning of this month.

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