Goldman CEO Apologizes to Malaysia for Leissner's 1MDB Role
- Southeast Asian nation was ‘defrauded by many individuals’
- Reiterates that Goldman did due diligence on bond deals
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Goldman Sachs Group Inc. Chief Executive Officer David Solomon apologized to the Malaysian people for the role that a senior banker at the firm, Tim Leissner, played in the 1MDB scandal.
Malaysia was “defrauded by many individuals,” Solomon said on a conference call with analysts after the investment bank reported fourth-quarter earnings Wednesday. Leissner “was one of those people.”