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Finance

Ex-Goldman banker outlines scheme to bribe Malaysian, Abu Dhabi officials

Bank's former Southeast Asia chair testifies in trial over 1MDB scandal

Ex-Goldman Sachs banker Roger Ng arrives for his criminal trial at U.S. federal court in Brooklyn on Feb. 16.   © Reuters

NEW YORK -- In a posh London neighborhood over lunch in February 2012, Jho Low drew two columns on a piece of paper: one for Malaysia, and one for Abu Dhabi. In each were the names of officials who would need to be bribed or, as Low put it to his lunch companions, "taken care of."

This was the claim made in federal court in New York on Wednesday by Tim Leissner, the former Southeast Asia head of Goldman Sachs, who said it was the moment he and a colleague joined a conspiracy to misappropriate millions of dollars from 1Malaysia Development Berhad, the sovereign wealth fund where Low was a key figure.

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