On May 29, 2025, Tim Leissner, former Southeast Asia chairman at Goldman Sachs, was sentenced to two years in prison for conspiring to violate the Foreign Corrupt Practices Act and engaging in a money laundering conspiracy tied to Malaysia’s 1MDB sovereign fund.
Leissner admitted to helping divert billions raised through bond sales into offshore accounts and shell companies linked to fugitive financier Jho Low, enabling high-level corruption across multiple countries. His sentence was reduced due to extensive cooperation with investigators, including testimony against his former colleague, Roger Ng.
The 1MDB scandal triggered global prosecutions, led to billions in penalties for Goldman Sachs, and caused lasting political fallout in Malaysia.
To know more, click https://www.fcctimes.com/2025/05/29/former-goldman-sachs-banker-tim-leissner-sentenced-to-two-years-in-1mdb-scandal/?utm_source=RZOLUTWebsite&utm_medium=FCCPoI07Jul25
