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New: Goldman Sachs calls Tim Leissner a ‘serial liar’ ahead of 1MDB sentencing

1 min read
Goldman Sachs, 1mdb scandal
New: Goldman Sachs calls Tim Leissner a 'serial liar' ahead of 1MDB sentencing

NEW YORK, May 23 — Goldman Sachs has labeled its former South-east Asia chairman, Tim Leissner, a “serial liar” driven by greed in the 1MDB scandal, ahead of his sentencing in a U.S. court. In a letter to a Brooklyn judge, Goldman’s counsel accused Leissner of using offshore accounts to conceal crimes that cost Malaysia’s 1MDB fund billions. Despite his 2018 guilty plea and cooperation in securing convictions and a $2.9 billion fine for Goldman, the bank claims he acted alone. Leissner’s lawyer defended his cooperation, criticizing Goldman’s culture. Leissner, who pocketed millions, seeks leniency, citing his role in exposing the fraud.

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