Ex-Goldman banker’s trial reveals greed, graft from 1MDB scheme

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PETALING JAYA: Goldman Sachs Group Inc’s dirty laundry has been airing in a New York courtroom, from a fast-escalating racket to loot Malaysia’s wealth fund to the handsome compensation given to a high-flying grifter.

Tim Leissner, a former top banker at Goldman and the star witness in the federal bribery trial of his colleague Roger Ng, has spent the last week recounting troubling behaviour that went on for years at Goldman and would make a compliance officer’s skin crawl.

And he’s not done. Leissner, who pleaded guilty for his role in a scheme that pilfered billions from 1MDB through a series of bond deals arranged by Goldman, is due back in court Tuesday for more testimony. He’s cooperating with prosecutors.

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