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Ex-Goldman banker Tim Leissner's 1MDB sentencing delayed until 2023

Bloomberg7/7/2022 10:04 AM GMT+08  • 2 min read
Ex-Goldman banker Tim Leissner's 1MDB sentencing delayed until 2023
Leissner has been free on US$20 million bail since his arrest by US authorities in June 2018. / Photo: Blooomberg
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Former Goldman Sachs Group Inc. banker Tim Leissner’s sentencing for his role in the 1MDB corruption scandal was delayed until next year.

Leissner, who pleaded guilty to charges in 2018 and testified against his former colleague Roger Ng, was originally scheduled for sentencing today, but US District Judge Margo Brodie in Brooklyn, New York, postponed the hearing to Feb. 15 without explanation.

The bribery and money-laundering charges to which Leissner pleaded guilty carry maximum sentences of decades in prison. But the former Goldman Southeast Asia chairman is likely to get much less time due to his cooperation with prosecutors. He spent more than a week on the stand during Ng’s trial, describing 1MDB deals and the bankers’ scheming with financier Jho Low to loot the Malaysian sovereign wealth fund.

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