US jury begins deliberations in ex-Goldman banker's 1MDB corruption trial

NEW YORK - A US jury began deliberations on Tuesday in the trial of a former Goldman Sachs banker accused of helping loot billions of dollars from Malaysia's 1MDB sovereign wealth fund.

His lawyers said Leissner, who pleaded guilty to similar charges in 2018 and agreed to cooperate with prosecutors, falsely implicated Ng in the hope of receiving a lenient sentence.According to US prosecutors, Goldman helped 1MDB raise US$6.5 billion through three bond sales, but US$4.5 billion was diverted to government officials, bankers and their associates through bribes and kickbacks.

Leissner said the men agreed to tell banks a"cover story" that the money was from a legitimate business venture between their wives. She said she invested US$6 million in the mid-2000s in a Chinese company owned by the family of Leissner's wife at the time, and the US$35 million was her return on that investment.

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