How much kickback money did Leissner admit to receiving?

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Tim Leissner Admitted Receiving Tens of Millions in Kickbacks

Tim Leissner, a former partner at Goldman Sachs, has admitted that he and his family received between US$50 million and US$60 million in kickbacks. This admission is part of the ongoing legal proceedings and investigations related to the 1Malaysia Development Berhad (1MDB) scandal. The Malaysian government is actively pursuing Leissner's extradition from the United States to face charges in connection with the affair.
Extradition Efforts Underway

Malaysia has formally requested the extradition of Tim Leissner from the United States. This request was submitted to the US Department of Justice in August of the previous year, and an Interpol red notice was subsequently issued for Leissner in November. The notice alleges that Leissner violated Malaysian capital markets law, an offense that carries a potential maximum sentence of 10 years imprisonment. Leissner, who was once Goldman's lead banker for 1MDB, had previously pleaded guilty in the US in 2018 to charges of conspiring to launder money and bribe foreign officials.
Admission of Kickback Payments

In his guilty plea, Leissner explicitly stated that he and his family benefited from kickback payments totaling between US$50 million and US$60 million. These funds are alleged to be linked to his involvement in the 1MDB scandal, which involved the misappropriation of billions of dollars. Leissner is currently awaiting sentencing in the US, a process that has seen numerous postponements, with the next hearing scheduled for May 29.
Malaysian Pursuit of Justice

Malaysian authorities are reportedly keen to secure Leissner's extradition before he might potentially return to his native Germany, where he could be less susceptible to such legal requests. The 1MDB scandal has had far-reaching consequences, leading to global investigations and implicating various high-profile individuals, including former Malaysian prime minister Najib Razak. Financier Jho Low is also accused of orchestrating the theft and remains a fugitive. Goldman Sachs facilitated significant bond offerings for 1MDB between 2012 and 2013, totalling US$6.5 billion, intended for Malaysia's economic development. However, a substantial portion of these funds was allegedly siphoned off.

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How much kickback money did Leissner admit to receiving?

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