Former Goldman Sachs partner Tim Leissner testified yesterday, claiming that Roger Ng was the lead banker on 1MDB and relationships with Malaysian fugitive Jho Low.
Goldman Sachs’ ex-chief of Southeast Asia Tim Leissner claimed that Roger Ng was the lead banker for the 1MDB dealings, contradicting the defendant’s claim earlier this week of having no role in the scheme.
«My greed and ambition took over,» said Leissner, 52, who pleaded guilty in 2018 to similar charges as Ng and agreed to cooperate with the government's investigation.
«Instantaneously Made Us Heroes»
According to Leissner, he was focused on doing «whatever it takes to get these transactions done for Goldman Sachs», adding that absence from any of the bank's client deals was considered «unacceptable».
1MDB’s $6.5 billion bond issuance and $600 million in fees earned «instantaneously made us heroes», he said.
Leissner added that in a 2012 meeting in London, Low shared a list of individuals that would need to be bribed for 1MDB’s fundraising plans to be approved, including former prime minister Najib Razak and UAE deputy prime minister Sheikh Mansour, who «wouldn't get out of bed for anything less than $100 million».
