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Senior Goldman Staff Knew About Jho Low in 1MDB, Leissner Testifies in Trial Over Scandal

  • Former star banker takes the stand in Roger Ng’s bribery trial
  • Leissner pleaded guilty, is key government witness against Ng
Tim Leissner, center, departs from federal court in Brooklyn, New York, on Feb. 15.
Tim Leissner, center, departs from federal court in Brooklyn, New York, on Feb. 15.Photographer: Stephanie Keith/Bloomberg
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Senior executives at Goldman Sachs Group Inc. knew that financier Jho Low was involved in transactions related to Malaysia’s 1MDB fund, former star banker Tim Leissner testified.

Leissner, who took the stand for the first time Wednesday as the U.S. government’s key witness in the federal bribery trial of his former subordinate, Roger Ng, described his role in the multibillion-dollar scandal. He told jurors in a Brooklyn, New York, courtroom that he and Ng “and our colleagues knew that Jho Low was the key decision maker, so therefore we had to include Jho Low as well” in all major aspects of the lucrative 1MDB transactions.