Malaysia is looking for a delivery of the ex-Goldman partner Tim Leissner over 1MDB scandal

Kuala Lumpur, May 7th -Malaysia tries to trigger the former Goldman Sachs partner Tim Leissner from the United States and to mark its ongoing efforts to combat the 1malaysia -Development -Berhad (1MDB) scandal Wall Street Journal (WSJ) reported.

According to the WSJ, the Malaysian government presented the delivery application to the US Ministry of Justice in August last year, with an Interpol Red Mitteilung for Leissner being issued in November.

The announcement claims that Leissner had violated the Malaysian Capital Market Act, which has a potential maximum sentence of 10 years if it was found to be guilty.

Leissner, formerly Goldman's Top Banker on 1MDB, committed himself guilty in the USA in 2018 to swore money to wash money and to bribe foreign civil servants.

He admitted that he and his family received between 50 million and 60 million US dollars (RM 222 million RM 267 million RM).

Leissner stays in the United States and is waiting for the conviction that has been postponed more than ten times, the next hearing for May 29.

WSJ reported that the Malaysian authorities are pursuing Leissner's delivery before he could possibly return to his home Germany, where he would probably avoid such inquiries.

The 1MDB scandal, which comprises the misunderstanding of over 4.5 billion US dollars (19.9 billion RM), has led to global investigations and the fall of a former Malaysian prime minister.

The financier Jho Low, who is accused

Goldman Sachs enabled three bond offers for 1MDB between 2012 and 2013 of $ 6.5 billion (28.8 billion RM). While the funds for the economic development of Malaysia were said to have a large part of the money allegedly withdrawn from deep, whereby Leissner and Roger NG, another former Goldman banker, was included.

NG, who was convicted in the United States for the washing of money and bribery of civil servants, returned to Malaysia as part of a bilateral agreement. WSJ reported that he supported the Malaysian authorities in ongoing investigations and provides new details about Leissner and Goldman's role in the scandal.

The Malaysias Prime Minister Datuk Seri Anwar Ibrahim has swore to visit the 2020 settlement between Goldman and Malaysia. The agreement included a cash payment of USD 2.5 billion (11.1 billion RM) and guarantees for USD 1.4 billion (6.2 billion RM) when reclaiming assets.

Anwar had said that the Deal Malaysia did not adequately compensate for its losses.

Goldman claimed that the settlement was conclusive and binding. The arbitration procedure between the bank and Malaysia about additional compensation is currently underway.