Ex-Goldman bankers banned from industry over 1MDB scandal

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Tim Leissner and Roger Ng have been charged over the theft of billions of dollars from 1MDB, with Leissner pleading guilty to conspiracy to launder money, among others.

WASHINGTON: The US Federal Reserve said yesterday it had sanctioned two former Goldman Sachs Group Inc bankers for their roles in a money-laundering scandal involving state-owned investment fund 1MDB.

Leissner, a former partner for Goldman Sachs in Asia, did not admit or deny the charge, but agreed to a US$1.42 million fine, according to a settlement order issued by the Fed.A lawyer for Ng could not be immediately reached for comment. Ng may request a hearing about his ban, the Fed said.

 

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AG is just playing soft...

But our great legal counsels are just too busy arguing on procedural matters and end up getting himself injured playing with his pet dog! justicedelayedisjusticedenied

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