Goldman Sachs Exec Sentenced for Role in Massive Malaysia Fund Looting
A former Goldman Sachs banker, Tim Leissner, has been sentenced to two years in prison for his role in the $4.5 billion theft from Malaysia’s state investment fund (1MDB).
Prosecutors revealed that Leissner helped Malaysia raise $6.5 billion through bond sales. But most of the funds were stolen, laundered through bribes, and used to finance luxury lifestyles. The scandal led to the downfall and conviction of ex-Prime Minister Najib Razak. Leissner, who pleaded guilty in 2018, expressed deep regret and accepted full responsibility. His sentence also includes supervised release and nearly $44 million forfeiture.
Clever Robot News Desk 3rd June 2025
