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Goldman Accuses 1MDB Banker of ‘Serial Lies’ Ahead of Sentencing

Goldman Sachs accused former Southeast Asia chairman Tim Leissner of serial lies ahead of his sentencing for crimes linked to Malaysia's 1MDB scandal.
The 1MDB scandal involved the misappropriation of over $4.5 billion from Malaysia's state fund through complex fraud and shell companies orchestrated by fugitive financier Jho Low.
Leissner pleaded guilty in 2018, admitted pocketing millions, cooperated with US authorities, and his testimony was central to convicting Goldman colleagues and imposing a $2.9 billion fine on the bank.
Goldman Sachs stated Leissner never took responsibility and engaged in deception, while his lawyer condemned the bank's letter as astounding and highlighted Leissner's years of criminal evasion tactics.
Leissner faces up to 25 years in prison, with additional investigations ongoing and Malaysia requesting his extradition, underscoring challenges in holding key figures accountable in the global 1MDB case.

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The Straits Times

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Free Malaysia Today News

Lean Right

Goldman accuses 1MDB banker of ‘serial lies’ ahead of sentencing

The US government has asked for leniency when Tim Leissner is sentenced next week. Read more at straitstimes.com.

2 days ago·Singapore

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Bloomberg

Lean Left

Goldman Accuses 1MDB Banker of ‘Serial Lies’ Ahead of Sentencing

Goldman Sachs Group Inc. said the banker at the heart of a scandal linked to Malaysia’s 1MDB investment fund engaged in “serial lies” and deception about the fraud, days before he is scheduled to be sentenced.

2 days ago·United States

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pme.ch

Malaysian Fund 1MDB: Edmond De Rothschild Sentenced in Luxembourg

Edmond de Rothschild Bank was convicted Thursday of money laundering and had 25 million euros confiscated by a Luxembourg court, in one of the many ramifications of the vast scandal linked to the Malaysian sovereign wealth fund 1MDB.

2 days ago

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L'AGEFI

Edmond De Rothschild Is Fined EUR 25 Million in Luxembourg

The bank was found guilty of money laundering and concealment in case 1MDB, which involved a fraudulent misappropriation of several billion US dollars to the Malaysian sovereign wealth fund in the early 2010s.

3 days ago

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luxtimes.lu

Luxembourg bank to pay €25 million fine in 1MDB money laundering case

A Luxembourg court has ordered Edmond de Rothschild Europe to pay a €25 million fine to settle criminal money laundering and concealment charges related to Malaysia’s 1MDB sovereign wealth fund.

3 days ago

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lequotidien.lu

Edmond De Rothschild Bank Sentenced for Money Laundering

This is a first in the Grand Duchy. The Luxembourg bank Edmond de Rotschild (Europe) S.A. was sentenced for money laundering and concealment by the 7th Correctional Chamber of the District Court of Luxembourg, announced this Thursday the judicial administration. The bank was sentenced to a penalty of confiscation of 25,000,000 euros, previously seized in the bank's assets. These funds ...

3 days ago

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