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Goldman 1MDB Deal Was Missing Abu Dhabi Energy Chief Who Took Bribes, Leissner Says

  • 1MDB bankers desperately sought signature, Leissner testifies
  • Al-Qubaisi headed energy company that was a guarantor on deal

Just as Goldman Sachs Group Inc. bankers were set to close their first 1MDB bond deal in May 2012, there was a hitch: They were missing a crucial signature.

Khadem al-Qubaisi, who was head of Abu Dhabi’s state-owned energy company -- and had been paid off to guarantee the $1.75 billion transaction, according to the star witness in an ongoing 1MDB bribery trial -- couldn’t be found. Without his sign-off, the deal would collapse.