In his latest testimonial, Tim Leissner said that he and fellow ex-Goldman banker Roger Ng used their wives’ business venture to disguise 1MDB-linked kickbacks, contradicting the defendant’s claims.
According to Tim Leissner, $35 million in kickbacks was sent from Malaysian fugitive Jho Low to Tim Leissner following the first 1MDB bond sale in 2012, half of which was then transferred to Roger Ng.
Thereafter, the two created a «cover story» to disguise payments and avoid suspicion when banks process the funds.
«[Ng’s] wife's family had previously made an investment in my [ex-wife Judy Chan’s] business in China, and this was the return of that investment,» said Leissner, explaining the allegedly fabricated story and adding that he did not know if Ng has relayed it to the bank.
Challenge Credibility
Ng’s defense lawyer Marc Agnifilo has denied that the payment was a kickback and said that the two wives were indeed doing legitimate business together.
Agnifilo had already signaled that he would challenge Leissner’s credibility by questioning his infidelity – the ex-Goldman executive testified in 2013 that he had forged divorce papers with Chan in order to marry U.S. model Kimora Lee Simmons.
