An ex-Goldman Sachs banker, Tim Leissner, who was the bank's Chairman of South East Asia operations, has been subpoenaed to help investigations into 1MDB by the US Federal Bureau of Investigation (FBI). Leissner was a key figure in helping 1MDB raise $6.5bn at a charge of $593m in fees, well above industry norms. This probe is at its information-gathering stage and there is no suggestion of wrongdoing by the bank or Leissner at this stage, say sources. Goldman Sachs Group Inc.’s former top banker in Southeast Asia has been subpoenaed by U.S. investigators probing possible wrongdoing at a Malaysian government investment fund, a person familiar with the matter said. The Fed's investigation will focus on whether any money from 1MDB's accounts were used for illicit purposes, including financing terrorism and drug trafficking.
An ex-Goldman Sachs banker, Tim Leissner, who was the bank's Chairman of South East Asia operations, has been subpoenaed to help investigations into 1MDB by the US Federal Bureau of Investigation (FBI). Leissner was a key figure in helping 1MDB raise $6.5bn at a charge of $593m in fees, well above industry norms. This probe is at its information-gathering stage and there is no suggestion of wrongdoing by the bank or Leissner at this stage, say sources. The Fed's investigation will focus on whether any money from 1MDB's accounts were used for illicit purposes, including financing terrorism and drug trafficking.