Malaysia's Najib seeks to depose Goldman Sachs, ex-banker in 1MDB defense

Rozanna Latiff, Reuters

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2020/afp/11/18/najib-razak.jpg"/><figcaption>Malaysia&#x27;s former prime minister Najib Razak gets into a car as he leaves the Duta Court complex after he was found guilty in his corruption trial in Kuala Lumpur on July 28, 2020. Former Malaysian leader Najib Razak was sentenced on July 28 to 12 years in jail on corruption charges linked to the multi-billion-dollar 1MDB scandal that led to the downfall of his government two years ago. <em>Mohd Rasfan / AFP</em></figcaption></figure></div><p>KUALA LUMPUR - Former Malaysian prime minister Najib Razak asked a U.S. court on Tuesday for permission to seek documents and testimony from investment bank Goldman Sachs to help in his defence against criminal charges in Malaysia over the 1MDB financial scandal.</p><p>Najib, who is on bail after being sentenced to 12 years in jail in July on charges of corruption and money laundering, is expected to appeal the conviction in February and faces four more trials related to the scandal.</p><p>The U.S. Justice Department has said about $4.5 billion was misappropriated from state fund 1Malaysia Development Berhad (1MDB), which Najib co-founded in 2009, including some funds Goldman had helped raise for the firm.</p><p>In a court filing in New York, Najib said Goldman Sachs and its former Southeast Asia chairman, Tim Leissner, probably had evidence that 1MDB officials schemed to defraud the fund and were now falsely implicating him to avoid responsibility.</p><p>Najib added that efforts by Leissner and others to hide the money trail misled him to believe that 1MDB funds that went into his accounts were political donations from the Saudi royal family.</p><p>&quot;This effort spanned continents and multiple jurisdictions, included the deployment of an array of shell companies, and involved numerous individuals,&quot; Najib said in the filing.</p><p>A Goldman Sachs spokesman declined to comment, as did a lawyer for Leissner.</p><p>Goldman has agreed to pay more than $5 billion, including a record $2.9 billion in the United States, to settle investigations into its role in underwriting $6.5 billion in bond sales for 1MDB. </p><p>Leissner pleaded guilty to conspiracy to launder money and conspiracy to violate the Foreign Corrupt Practices Act in 2018.</p><div><strong>FROM ARCHIVES:</strong></div><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/CPVI-BNlf2E?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

<p>Former Malaysian prime minister Najib Razak asked a U.S. court on Tuesday for permission to seek documents and testimony from investment bank Goldman Sachs to help in his defence against criminal charges in Malaysia over the 1MDB financial scandal.</p>

Former Malaysian prime minister Najib Razak asked a U.S. court on Tuesday for permission to seek documents and testimony from investment bank Goldman Sachs to help in his defence against criminal charges in Malaysia over the 1MDB financial scandal.

Malaysia's Najib seeks to depose Goldman Sachs, ex-banker in 1MDB defense | ABS-CBN

Halalan 2025

Entertainment

News

Metro.Style

Sports

More

Traffic

Horoscope

Business

Malaysia's Najib seeks to depose Goldman Sachs, ex-banker in 1MDB defense

Malaysia's Najib seeks to depose Goldman Sachs, ex-banker in 1MDB defense

Rozanna Latiff,

Reuters

Published Nov 18, 2020 03:16 PM PHT

Read More:

Malaysia

Malaysian prime minister

Najib Razak

Goldman Sachs

1MDB fraud

1MDB financial scandal

ANC

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.