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Former Goldman partner says greed, ambition motivated bribery for 1MDB fund

An ex-Goldman Sachs banker testified in federal court on Wednesday that greed and ambition motivated his participation in a massive bribery scheme that stole billions of dollars from the Malaysian sovereign wealth fund 1MDB. The former chief of Goldman’s Southeast Asia operation — Tim Leissner — is the high profile witness in the criminal trial of Roger Ng, former head of investment banking in Malaysia. The trial began in federal court on Monday in Brooklyn, New York. Roger Ng is accused of receiving millions of dollars in kickbacks for his involvement in embezzling funds from 1MDB and for helping to […]

The story Former Goldman partner says greed, ambition motivated bribery for 1MDB fund as seen on Thaiger News.

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