Goldman back in the 1MDB swamp after Leissner and Ng charges
The charge sheets against former Goldman Sachs employees also appear to identify a senior figure who is still at the bank; they also spell out the circumstances of Goldman’s 1MDB bond mandates in uncomfortable detail.
The charges unsealed by the US Department of Justice (DoJ) around the 1MDB scandal on Thursday drag Goldman Sachs right back into the mire it has spent the past few years deftly escaping.
It’s not just the fact that two former Goldman Sachs bankers, Tim Leissner and Roger Ng, face charges. These charges were expected, both men have long since left the bank, and Goldman appears to have convinced many regulators that they were rogues acting alone – a version of events the Monetary Authority of Singapore, for example, seems to have accepted.
Further damage lies in point 10 of the filing against Leissner, where it refers to “co-conspirator #4”.