Authorities in the U.S. looking into the part played by Goldman Sachs with Malaysia's troubled investment fund 1Malaysia Development Berhad, have been scrutinising the accounts of one of the bankers.
Financial news service «Bloomberg» reports that U.S. prosecutors investigating Goldman Sachs role in raising almost $6 billion for Malaysia’s 1Malaysia Development Berhad (1MDB) investment fund, are asking questions about money flowing through accounts linked to Tim Leissner, the lead banker behind the transactions, according to people familiar with the matter.
Officials from the Federal Bureau of Investigation and Justice Department have been interviewing bankers familiar with 1Malaysia Development Bhd. about Leissner’s network of relationships with politically connected Malaysians, said the people, who asked not to be named because the queries aren’t public.
Ongoing Investigations
As finews.asia has extensively reported the beleaguered fund has drawn the attention of regulators across the globe, with Singapore, Hong Kong, Luxembourg, Switerland and the U.K. among countries that are investigating financial institutions and high profile people linked to the affair.
Malaysia and Abu Dhabi have reportedly resolved their differences over a $6.5 billion claim that had been linked to the fund.
