Tim Leissner Age: Uncovering the Scandal

Roger Ng, former Goldman Sachs Managing Director, has been banned from the finance industry for life by the Monetary Authority of Singapore (MAS) due to his involvement in a massive money laundering and embezzlement scandal related to 1MDB. This decision comes as no surprise given the severity of Mr Ng's misconduct, which included conspiring with others to launder billions of dollars misappropriated from the Malaysian state fund.

One key figure involved in this scheme was Tim Leissner, former Chairman of Goldman Sachs Southeast Asia, who has also received a lifetime ban from the industry. The scandal, which dates back to 2018, involves Mr Ng and his co-conspirators bribing government officials in Malaysia and Abu Dhabi to obtain and retain business from 1MDB.

The court found that between 2009 and 2014, Mr Ng conspired with others, including Tim Leissner, to launder billions of dollars misappropriated from 1MDB. This included funds raised by the fund through three bond offering transactions underwritten by The Goldman Sachs Group, Inc and its subsidiaries and affiliates.

Mr Ng's severe misconduct has given the MAS reason to believe that it would be contrary to public interest to allow him to carry on business as a representative. In August 2023, he received approval for a 30-day delay on his 10-year jail term instead of starting on 7th August 2023 to allow United States & Malaysia governments to negotiate on his return to Malaysia to assist in investigation under a previous agreement.

The case serves as a stark reminder of the importance of upholding ethical standards in the finance industry. It is crucial that individuals like Mr Ng and Tim Leissner, who have demonstrated such egregious misconduct, are held accountable for their actions. The lifetime ban issued by the MAS sends a strong message that such behavior will not be tolerated.

In conclusion, the scandal involving Roger Ng, Tim Leissner, and others highlights the need for greater vigilance in detecting and preventing financial fraud. It is essential that we continue to hold individuals accountable for their actions and work towards creating a more transparent and ethical finance industry.

Tim leissner age