The Man From FCPA continues to be amazed at how the scandal surrounding the Malaysian sovereign wealth fund 1MDB roils throughout the financial world and beyond. The International Business Times reported that the Monetary Authority of Singapore (MAS) has issued a proposed ban on the former top dealmaker for Goldman Sachs in southeast Asia, Tim Leissner, for his role in the scandal.
Leissner was the Goldman Sachs client relationship manager for 1MDB and headed up three major bond issuances raising over $6bn for the wealth fund. The final bond issuance was in 2013, raising $3bn million for 1MDB and earning Goldman Sachs a fee of $300 million. Swiss authorities have alleged the up to $4.8bn of this total amount was diverted from companies linked to 1MDB.
