US prosecutors are examining an alleged transfer of hundreds of thousands of dollars from a former employee of a Malaysian investment fund to Tim Leissner, who was then a senior banker at Goldman Sachs Group Inc.’s Southeast Asia operations, according to people briefed on the matter.
One of the people said the transfer was an investment in a start-up company that Leissner was backing with the ex-1MDB employee. An internal investigation by Goldman Sachs didn’t spot such a transfer, according to another person briefed on the matter. That suggests any transfer or communications about one occurred outside Goldman’s networks.
More broadly, prosecutors are looking into Goldman Sachs’s role in helping raise more than US$6 billion ($8.28 billion) several years ago for the embattled investment fund, 1Malaysia Development Bhd., or 1MDB, according to three people familiar with the inquiry. Prosecutors have stepped up those efforts recently, they said.
The inquiry joins a second one by the Justice Department’s kleptocracy unit into 1MDB matters, as authorities in Singapore, Luxembourg and Switzerland trace how money flowed from the fund. Swiss prosecutors have said they have “serious indications” that billions were misappropriated from the 1MDB, whose advisory board was headed by Malaysian Prime Minister Najib Razak. Both 1MDB and the premier have denied wrongdoing.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
One of the people said the transfer was an investment in a start-up company that Leissner was backing with the ex-1MDB employee. An internal investigation by Goldman Sachs didn’t spot such a transfer, according to another person briefed on the matter. That suggests any transfer or communications about one occurred outside Goldman’s networks.
More broadly, prosecutors are looking into Goldman Sachs’s role in helping raise more than US$6 billion ($8.28 billion) several years ago for the embattled investment fund, 1Malaysia Development Bhd., or 1MDB, according to three people familiar with the inquiry. Prosecutors have stepped up those efforts recently, they said.
The inquiry joins a second one by the Justice Department’s kleptocracy unit into 1MDB matters, as authorities in Singapore, Luxembourg and Switzerland trace how money flowed from the fund. Swiss prosecutors have said they have “serious indications” that billions were misappropriated from the 1MDB, whose advisory board was headed by Malaysian Prime Minister Najib Razak. Both 1MDB and the premier have denied wrongdoing.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment