A former Goldman Sachs banker who helped orchestrate a multi-billion dollar Malaysian government investment fund told a federal judge that several other employees of the prestigious Wall Street firm had thus been involved, according to a court filing unsealed Friday.
The banker, Tim Leissner, told the judge that he had "conspired with other employees and agents of Goldman Sachs" to ensure compliance and legal department employees from discovering that they have secured more than $ 6 billion in bond work for the investment fund, 1Malaysia Development Berhad.
During his guilty plea in August, Mr Leissner said that he was doing his sentence to hide his actions from Goldman's compliance department which was "very much in line" with a culture against the firm.
The newly released statements by Mr. Leissner were the most recent statement of the scope of Goldman's role in a scandal centered on the $ 2. Instead, the lavish lifestyles of Najib Razak, whom Malaysian authorities charged with corruption in July.
Mr. Leissner pleaded guilty to bribery and money laundering charges in Brooklyn on Aug. 28. A redacted transcript of the plea hearing was released by federal prosecutors on Friday after judge Margo K. Brodie in Brooklyn approved a request by lawyers for The New York Times to lift a sealing order on the proceeding.
JH Low, a flamboyant Malaysian financier, from Goldman's compliance team. Mr. Leissner said Mr. Low served as an intermediary on behalf of Goldman in his dealings with Malaysian officials and 1MDB.
1MDB business for Goldman Sachs, "he told Judge Brodie.
Mr Low was indicted in October on a foreign bribery and money laundering charges Goldman banker, Roger Ng.
The bank has said it is cooperating with the investigation. Mr. Leissner was referring to himself in his plea beyond Mr. Ng.
Mr. Ng, who reported to Mr. Leissner, what arrested last week in Malaysia, and federal prosecutors plan to seek his extradition to the United States. Mr. Low, who is wanted on criminal charges by Malaysian authorities, is a fugitive.
Federal prosecutors unsealed the indictment against Mr. Low and Mr. Ng, along with a criminal information to which Mr. Leissner pleaded guilty, last week.
Mr. Leissner's charging document describes another Goldman executive as a co-conspirator in the bribery scheme. Andrea Vella, who most recently served as co-head of Goldman's investment banking group in Asia. Hey what's suspended by Goldman last week. Mr. Vella could not be reached for comment.
Goldman Sachs said: "For the first time in a regulatory filing it is expected to pay significant fines". The bank made over $ 600 million in fees on the three bond deals.
Until last week, Mr. Leissner, whom he had cast as a rogue employee. Mr. Lee's character on Goldman letterhead without the bank's permission.