How much did Leissner admit to keeping from the 1MDB bond deals?

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Leissner Admitted to Keeping Tens of Millions from 1MDB Bond Deals

Tim Leissner, a former Goldman Sachs banker, testified that he personally retained tens of millions of dollars from the 1MDB fraud. He stated that he kept US$60 million in kickbacks for himself from the proceeds of the 1MDB bond deals he helped facilitate. This testimony was provided during the bribery trial of his former colleague, Roger Ng.
Personal Retention of Kickbacks

Leissner admitted that a significant portion of the funds raised from the 1MDB bond transactions was allocated to kickbacks and bribes for officials in Malaysia and Abu Dhabi. However, he revealed that the US$60 million he secured for himself was not sufficient for his needs. This personal gain was part of the larger scheme involving Malaysian financier Jho Low.
Additional Funds from a Shell Company

Beyond the direct kickbacks, Leissner also testified to holding €145 million (US$162 million) in a shell company located in Mauritius, at the request of Jho Low. From this substantial sum, Leissner admitted to keeping US$80 million for himself, citing that much of his own capital was invested in illiquid assets. This further illustrates the extent of his personal enrichment from the fraudulent activities.
Borrowing from Accomplice

In addition to the funds he kept directly, Leissner disclosed that he borrowed US$1.25 million from Roger Ng. Leissner stated his intention to repay Ng, but this was not possible following his arrest in 2018. Ng is currently on trial, facing accusations of money laundering conspiracy and bribery related to the 1MDB scandal.

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How much did Leissner admit to keeping from the 1MDB bond deals?

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