News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Investment Banking

Ex-Goldman Sachs partner spells out scheme to bribe officials at 1MDB trial

Timothy Leissner said he conspired with former banker Roger Ng to bribe government officials, launder billions of dollars to win lucrative deals

A former Goldman Sachs partner testified on 16 February that he was so driven to win business for the Wall Street bank that he conspired to bribe government officials and launder billions of dollars.

Timothy Leissner told a federal jury in New York that he and former colleague Roger Ng received praise from Goldman executives by securing three deals in 2012 and 2013 to raise $6.5bn in bond offerings for 1Malaysia Development Bhd., a state-controlled economic development company known as 1MDB.

WSJ Logo