Goldman Ex-Banker Leissner Says Sheikh Mansour Needed $100 Million in 1MDB Trial - Bloomberg
One hundred million dollars -- that was the cost of doing business in the multibillion-dollar 1MDB scam, former Goldman Sachs Group Inc. banker Tim Leissner testified.
Leissner, 52, the U.S. government’s star witness in its case against ex-Goldman banker Roger Ng, provided a description of the payment system Wednesday for a jury in Brooklyn, New York. Leissner told of a meeting at which Jho Low, the alleged architect of the massive fraud, spelled out who he said needed to be paid off for approval to raise and spend billions of dollars for Malaysia’s wealth fund, 1Malaysia Development Bhd.
On the list were officials from Malaysia and Abu Dhabi, Leissner testified, including Malaysia’s then-prime minister, Najib Razak, and Sheikh Mansour bin Zayed Al Nahyan, the deputy prime minister of the United Arab Emirates.
Low “said the sheikh would not get out of bed for less than $100 million,” Leissner told the jury.
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