Malaysia – The wife of former Goldman Sachs banker Roger Ng, who is accused of conspiring to steal and launder money from 1MDB and is on trial in the United States, is certain that “truth” will prevail and save her husband. Lim Hwee Bin, the last defense witness, asserted that the US$35 million (RM147 million) the US government claimed was …

Malaysia – Tim Leissner, a former Goldman Sachs partner, confessed to accepting US$60 million in bribes, lying to the bank about his unethical dealings, and faking divorce paperwork twice to take on new spouses before a US court. Despite his history of deception, prosecutors are pleading with jurors to trust Leissner in the trial of Roger Ng, a former Goldman …

Malaysia – Tim Leissner, the prosecution’s main witness in a criminal trial involving Malaysia’s 1MDB sovereign wealth fund, revealed Tuesday under cross-examination that he had “lied a lot” throughout his life. Leissner is giving testimony in the trial of Roger Ng, 49, who has pleaded not guilty to accusations of money laundering and violating an anti-bribery law. Leissner, 52, who …

Malaysia – A former Goldman Sachs banker testified on Tuesday that a fugitive Malaysian financier received backing from associates of former US President Donald Trump for a potential settlement of an inquiry into the misappropriation of funds from the 1MDB investment fund. On the sixth day of his evidence in the trial of Roger Ng, another former Goldman banker, Tim …

Malaysia – Former Bank Negara Malaysia (BNM) governor Tan Sri Zeti Akhtar Aziz and other individuals were revealed in the recent 1MDB trial, and DAP secretary general Lim Guan Eng requested Malaysian authorities to undertake a complete probe against them. According to a report by news portal Free Malaysia Today, this came after former banker and prosecution star witness Tim …

Malaysia – On Wednesday, a former Goldman Sachs associate testified that his participation in a bribery scheme that robbed billions of dollars from Malaysia’s 1MDB sovereign wealth fund was motivated by “greed and ambition.” In the criminal prosecution of Roger Ng, the bank’s former head of investment banking in Malaysia, Tim Leissner, the former leader of Goldman’s South-east Asia unit, …