1MDB prosecutors said to eye ex-Goldman banker's money moves
US prosecutors investigating Goldman Sachs Group’s role in raising almost $6 billion for Malaysia’s 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.
It’s not the first time US officials have scrutinised personal transactions of Goldman’s lead banker for troubled 1MDB. US authorities said last year in court filings that several million dollars from 1MDB ended up in an account belonging to 1MDB’s top lawyer Jasmine Loo. She later transferred several thousand dollars to Leissner, people familiar with the matter have said. Attempts to reach Loo weren’t successful.
The US look into 1MDB money flows is part of a globe-spanning effort. Switzerland, Singapore, Hong Kong, Luxembourg and other countries are also investigating the roles banks and individuals may have played in plowing cash from the fund into luxury real estate, art, lavish parties and even movie productions.
No official role