Seven years after the billion dollar scandal around the Malaysian state fund 1MDB, the former investment banker Tim Leissner has to be prison as one of the key figures.
The New York judge Margo Brodie decided to have a prison sentence of two years. She took into account that Leissner testified against other participants after arresting.
Leissner threatened up to 25 years in prison, but prosecutors also believed that he could be spared prison because of his cooperation with the authorities. The Bank Goldman Sachs as his former employer, on the other hand, called for a tough punishment in a letter to the court. Because of the scandal, the company had to pay more than five billion dollars, including $ 2.9 billion in the United States for a violation of US corruption laws.
In the affair, several billion dollars were stolen from the state fund with the help of Goldman Sachs managers. Leissner’s statement contributed to a prison sentence of ten years to convict one of his former colleagues at the bank. Leissner, who has been at large in the past few years, is scheduled to compete in mid -September.
The Goldman Sachs share temporarily loses $ 594.72 in Nasdaq trading.
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New York (dpa-Afx)
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