2 Goldman bankers used wives to explain kickbacks from Jho Low, US court hears

Former Goldman Sachs banker Tim Leissner, who is the prosecution star witness, says he was paid US$35 million by Low Taek Jho, and transferred half of it to the accused Roger Ng, after the first 1MDB bond sale in 2012. – AFP pic, February 25, 2022.

TWO Goldman Sachs bankers received kickbacks for their role in helping to rob the 1MDB sovereign wealth fund and concealed the money via a scheme involving their wives, said one of the bankers, Tim Leissner, at the trial of the other, Roger Ng.

In a report on the corruption hearing, Reuters said Leissner, 52, admitted concocting a scheme with his subordinate, Ng to explain the money they had received from Malaysian intermediary Low Taek Jho.

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