Ex-Goldman banker testifies at 1MDB trial that he ‘lied a lot,’ misled women | Malay Mail

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Ex-Goldman banker testifies at 1MDB trial that he ‘lied a lot,’ misled women

NEW YORK, March 2 — Former Goldman Sachs banker Tim Leissner, the prosecution’s star witness in a criminal trial tied to Malaysia’s 1MDB sovereign wealth fund, admitted under cross-examination on Tuesday that he had “lied a lot” in his life.

Leissner, 52, who was Ng’s boss at Goldman, pleaded guilty to similar charges in 2018 and agreed to cooperate with the government. The charges stem from one of the biggest financial scandals in history. Prosecutors say Goldman from 2009 to 2014 raised US$6.5 billion for 1MDB through bond sales and earned US$600 million in fees, but that US$4.5 billion was diverted to officials, bankers and their associates through bribes and kickbacks.

 

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