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Reuters
Reuters
Business
Luc Cohen

Star witness against ex-Goldman banker says wives used to disguise 1MDB kickbacks

Goldman Sachs 1MDB Roger Ng Tim Leissner Malaysia United States Jho Low Marc Agnifilo
Marc Agnifilo, lawyer for Ex-Goldman Sachs banker Roger Ng, arrives for the criminal trial at the United States Courthouse in Brooklyn, New York, U.S. February 22, 2022. REUTERS/Eduardo Munoz

Two Goldman Sachs bankers concocted a scheme involving their wives to conceal kickbacks they received for helping to loot Malaysia's 1MDB sovereign wealth fund, one of the bankers testified on Thursday at the corruption trial of the other, Roger Ng.

Tim Leissner, who had been Ng's supervisor at Goldman before becoming the star government witness against him, said he received kickback payments from a Malaysian intermediary, Jho Low, for helping embezzle funds Goldman raised for 1MDB through three bond sales.

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