Two ex-Goldman bankers banned from industry after 1MDB scandal

Pedro Gonçalves
clock • 1 min read

Former Goldman Sachs bankers Tim Leissner and Roger Ng have been banned from the industry by the US Federal Reserve for their role in helping divert billions of dollars from the Malaysian state fund 1MDB. Leissner and Ng coordinated bond offerings that allowed funds to be stolen from 1MDB, the regulator said on Tuesday. Some of the diverted money was used to bribe government officials in  Malaysia and Abu Dhabi, and criminals also used proceeds to pay for lavish lifestyles, according to...

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