Goldman’s ex-Southeast Asia Head Subpoenaed

Former Goldman Sachs Banker Tim Leissner

Last month finews.asia reported that Tim Leissner relocated to Los Angeles from Singapore and had subsequently left the bank.

An article from news agency «Bloomberg» is now claiming Tim Leissner, a German national, was issued a subpoena about the Malaysian 1MBD matter in late February, just days after Goldman Sachs confirmed he had departed the firm.

U.S. investigators have been attempting to trace if cash could have flowed out of the fund and unlawfully found its way into personal accounts. Authorities in Malaysia, Singapore and Switzerland are also conducting their own investigations.

According to reports the American bank has been in involved in almost $19 billion in Malaysian mergers and acquisitions since 2010, making it the top foreign adviser to the country. 

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