Goldman Executive Warned Bankers Not to Do Business With Jho Low
- Ex-Goldman banker Ng recommended Low as client, U.S. says
- Legal executive says Leissner was ‘irritated’ by his concerns
April 2021: The Mastermind Behind the Multibillion Dollar 1MDB Con
A Goldman Sachs Group Inc. senior legal executive who helped vet the 1MDB bond deals that exploded in scandal told a jury he warned Goldman bankers not to do business with Malaysian financier Jho Low.
Stephen O’Flaherty, who served in British intelligence for 30 years before joining Goldman, told the jurors in the foreign-bribery trial of former Goldman banker Roger Ng on Tuesday that despite his concerns about Low, none of the 1MDB deal bankers -- including Tim Leissner, the head banker on the deal -- disclosed Low’s involvement. He said that after his team conducted a due diligence review of Low, the bank rejected him as a private wealth client because of his questionable finances.