“Even if I have a document, where do I go to enforce it?” “When you invest in China, there’s no point for documents,” Lim said. That person, who asked not to be identified, said Leissner could dazzle in other ways: When he married Judy Chan, whose father ran a coal-mining business in China, the wedding feast included. Attorney Alixandra Smith asked why not, Lim testified she no longer has the single letter she received from Chan Leissner acknowledging receipt of the funds. Read More: 1MDB Banker Got a ‘Bad Karma’ Warning Before Scandal Exploded Leissner was also legally married to another woman when he married Ms.
Judy chan and tim leissner trial#
banker on trial in the 1MDB scandal said she has no documentation proving that $35 million allegedly paid to him as an illegal kickback was actually a return on a legitimate investment.Įx-Goldman banker Roger Ng’s wife, Hwee Bin Lim, testified Monday in his defense that she invested her parents’ money in businesses controlled by the then-wife of Ng’s boss at the time, Tim Leissner.īut under questioning Tuesday from a federal prosecutor, Lim said she had no records showing that a payment to her offshore account was for an investment she’d made earlier with Judy Chan Leissner in China. Jho Low, a Malaysian financier and suspected mastermind of the scheme, was indicted alongside Ng in 2018 but remains at large.(Bloomberg) - The wife of the former Goldman Sachs Group Inc. Alixandra Smith, a prosecutor, said in her summation that Leissner's testimony was backed up by other evidence. She said she invested $6 million in the mid-2000s in a Chinese company owned by the family of Leissner's then-wife, Judy Chan, and that the $35 million was her return on that investment.Īgnifilo said in his closing argument on Monday that Leissner could not be trusted. Ng's wife, Hwee Bin Lim, later testified for the defense that the business venture was, in fact, legitimate.
Leissner said the men agreed to tell banks a "cover story" that the money was from a legitimate business venture between their wives. Jurors heard nine days of testimony from Leissner, who said he sent Ng $35 million in kickbacks. Goldman in 2020 paid a nearly $3 billion fine and its Malaysian unit agreed to plead guilty. Ng is the first, and likely only, person to face trial in the United States over the scheme. Personal Loans for 670 Credit Score or Lower while he was previously married to Judy Chan, whose. Hwee Bin Lim, Ngs wife, testified on Monday that she made a 6 million investment in the mid-2000s in a Chinese company owned by the family of Judy Chan, Leissners then-wife. Ex-Goldman Sachs banker Roger Ng is on trial. Personal Loans for 580 Credit Score or Lower Tim Leissner is facing scrutiny over breaches related to the illegal diversification of billions of dollars from Malaysian wealth fund 1MDB. She testified on Monday in his defence that she invested her parents’ money in businesses controlled by Leissner’s then-wife, Judy Chan Leissner. banker Tim Leissner, who admitted helping rip off hundreds of millions of dollars from Malaysian wealth fund 1MDB, testified he also stole tens of millions of. Best Debt Consolidation Loans for Bad Credit Ex-Goldman Sachs banker Tim Leissner says he siphoned US80 million out of US162 million which Jho Low asked him to ‘hold’ in a shell company in Mauritius.
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