SINGAPORE — Singapore regulators placed a lifetime ban Wednesday on a former Goldman Sachs banker who faces criminal charges in the United States and Malaysia for ransacking the 1MDB state investment fund. “The latest actions against Mr. Leissner arose from the close cooperation and continuing investigations by law enforcement and regulatory authorities in the U.S., Singapore and other countries,” it added. Leissner, who led Goldman Sachs’ Singapore branch, managed three 1MDB bond issuances from 2012 to 2013. Singapore, which commenced 1MDB investigations in 2015, has shuttered two Swiss banks and fined others, including DBS Bank, UBS and Standard Chartered Bank for 1MDB-related lapses. In October, a Singapore court ordered the return of 15.3 million Singapore dollars ($11.1 million) linked to the indebted fund.

Source: Washington Post December 19, 2018 08:43 UTC