Leissner's Work With Indonesia Financier Drew Goldman Scrutiny
- Bank ended work on Newmont copper deal after in-house review
- Goldman increased scrutiny of Leissner after deal rejected
Goldman Sachs Group Inc. stepped up scrutiny of Tim Leissner amid concerns about how he handled the involvement of an Indonesian businessman with an overturned corruption conviction in a mining deal the banker was pursuing, according to a person with knowledge of the matter.
Leissner, an 18-year Goldman Sachs veteran who left the firm earlier this year, has been drawn into a probe by U.S. authorities of a Malaysian state investment fund that the bank raised money for. Last year he was in talks to provide financing for a group of investors, including Sudjiono Timan, who were seeking to buy a controlling interest in Newmont Mining Corp.’s copper operations in Indonesia, according to two people familiar with the deal who asked not to be identified discussing confidential information.