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Senior Goldman staff knew about Jho Low in 1MDB, Leissner testifies in Roger Ng's trial

Bloomberg
Bloomberg • 6 min read
Senior Goldman staff knew about Jho Low in 1MDB, Leissner testifies in Roger Ng's trial
Leissner, 52, named for the jury his own boss at the time, Michael Evans, then Asia chairman, and several other former executives
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Senior executives at Goldman Sachs Group knew that financier Jho Low was involved in transactions related to Malaysia’s 1MDB fund, former star banker Tim Leissner testified.

Leissner, who took the stand for the first time Wednesday as the US government’s key witness in the federal bribery trial of his former subordinate, Roger Ng, described his role in the multibillion-dollar scandal. He told jurors in a Brooklyn, New York, courtroom that he and Ng “and our colleagues knew that Jho Low was the key decision maker, so therefore we had to include Jho Low as well” in all major aspects of the lucrative 1MDB transactions.

And he said that while he and Ng concealed from Goldman compliance officials Low’s efforts and the bribes they paid to get the business, other Goldman colleagues knew about Low’s involvement. Leissner, 52, named for the jury his own boss at the time, Michael Evans, then Asia chairman, and several other former executives of the bank.

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