Hong Kong regulator bans former Goldman banker for life over 1MDB
Tim Leissner pleaded guilty to conspiracy to launder money and conspiracy to violate the Foreign Corrupt Practices Act, and agreed to forfeit $43.7m
03 July 2019 - 13:55
Hong Kong — Hong Kong’s financial regulator has banned former Goldman Sachs banker Tim Leissner from re-entering the industry for life for his crimes linked to the multibillion-dollar scandal at the Malaysian state investment fund 1MDB.
The sanction is the latest for Leissner, who has already been barred from the banking sector in the US and Singapore for his links to the scandal. Goldman itself is being probed by the US justice department for its role as underwriter and arranger for $6.5bn worth of 1MDB bonds...
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