20 Apr 2024, 20:59 Kuching
20 Apr 2024, 13:59 London
In a regulatory filing last month, Goldman Sachs disclosed that Leissner, a former Southeast Asia chairman who helped raise US$6.5 billion for 1Malaysia Development Bhd, also known as 1MDB, was placed on leave after the firm discovered he wrote a reference letter that contained “inaccurate” information.
The letter was written on Goldman Sachs letterhead to another bank on behalf of Jho Low, according to the people. Low has had ties to 1MDB, which he’s described to newspapers as informal consulting work that didn’t break any laws. The state-owned fund has been the subject of overlapping investigations in Malaysia, Singapore and Hong Kong amid allegations of financial irregularities. Low also has a profile in the US for his role helping Malaysian Prime Minister Datuk Seri Najib Razak’s stepson launch the Hollywood production company that backed The Wolf of Wall Street and for deals in fine art and real estate.
Well, well, well….
Could Mr Jho Low be running out of cash flow after his monster splurges?
Did “Dr” Leissner, the HEAD OF SOUTH EAST ASIA GOLDMAN SACHS provide false financial information on his behalf to another lender?
The tale of 1MDB and Aabar is one of astonishing sham, brass neck and unbelievable lies…. facilitated by a global financial system that has learnt to drop its pants for the super-wealthy.
Just a handful of rogue players have played havoc with the system and shown up its shocking weaknesses in the process.
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