The enquiry aims to determine whether Deutsche Bank might have violated foreign corruption or anti-money laundering laws as it helped 1MDB raise US$1.2 billion in 2014, The Wall Street Journal (WSJ) said in an earlier report on July 10. Tim Leissner, another ex-Goldman executive who pleaded guilty last year for his role in the scandal, has been helping with the Deutsche Bank examination, the paper said, citing unidentified people with knowledge of the matter.
SINGAPORE (July 15): The US Department of Justice (DOJ) is investigating Deutsche Bank as part of a broadened probe of Malaysia’s scandal-plagued 1Malaysia Development Bhd (1MDB) investment fund, according to a person with knowledge of the matter.
Investigators, who have spent years examining Goldman Sachs Group’s lucrative dealings with the fund, are now taking a closer look at a former Goldman executive who later worked at the German bank, said the person, who asked not to be identified discussing the confidential enquiry. US authorities have not accused Deutsche Bank or the former employee of wrongdoing. The employee, according to a Financial Times report, is believed to be Tan Boon Kee, former Asia-Pacific head of the bank’s financial institutions group.
