#TIM LEISSNER TRIAL#

Ng didn’t speak to Swampillai before the ex-BSI banker also left. Prosecutors could argue that Ng’s silent presence could represent an endorsement of Leissner’s attempts to deceive BSI.Īccording to Swampillai, Ng stayed behind after Leissner left. «He basically said, ‘due diligence is not Goldman’s responsibility – it’s BSI’s responsibility to conduct its own due diligence.'» « basically dismissed those questions we raised,» Swampillai testified.

I photoshopped the divorce document, Leissner told the jury of his 2014 nuptials to the Baby Phat designer. While BSI bankers expected a presentation from Goldman Sachs, Leissner unexpectedly said he could only stay for 20 minutes to catch a flight and instead raised questions of his own on the issues. Leissner testified that he tied the knot with Kimora Lee Simmons even though he was still legally married to Judy Chan Leissner, from whom he faked a divorce, according to Bloomberg. «You have a Middle East sovereign wealth fund that is about to enter into a transaction, but in this case, it involved a shell company in the British Virgin Islands – that was highly unusual,» said Swampillai, adding that alleged mastermind Jho Low had brought business to BSI and asked to do a joint venture between Aabar and the new shell company.īefore the first 1MDB bond transaction closed in May 2012, Swampillai said BSI had invited Leissner and Roger Ng to a meeting in April 2012 at a private dining room in Singapore to address concerns about why the supposed fees for Aabar were going to the offshore company.

#TIM LEISSNER TRIAL#

A former BSI banker took the stand in the 1MDB trial of Roger Ng, claiming that he had raised questions about unusual payments to a shell company that were dismissed by Tim Leissner who said that due diligence was «not Goldman’s responsibility».Įx-BSI banker Kevin Swampillai told the jury in the Brooklyn federal court that ex-Goldman banker Tim Leissner had dismissed questions about why fees were not directly paid to the Abu Dhabi-owned Aabar Investments PJS fund – the guarantor of two of the three 1MDB bond deals – but were instead sent to an offshore shell company, according to a « Bloomberg» ( behind paywall) report Wednesday.

Tim leissner