Ex-Goldman banker is said in plea talks over 1MDB scandal: WSJ

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SAN FRANCISCO (July 10): Tim Leissner, former Goldman partner and Southeast Asia Chairman, is in talks with U.S. prosecutors to potentially plead guilty to criminal charges stemming from an alleged scheme to steal billions of dollars from Malaysian state investment fund 1MDB, WSJ reports, citing people familiar with the matter.

* Leissner, who hasn’t been charged, is seeking an agreement with prosecutors that would involve his cooperation with the government’s criminal fraud probe into 1MDB and Goldman

* A Goldman spokesman said “we continue to cooperate with ongoing regulatory investigations”; A spokesman for the U.S. Attorney’s Office in Brooklyn and a spokeswoman for the Department of Justice declined to comment: WSJ