THE name of reclusive tycoon T Ananda Krishnan surfaced on several occasions during the testimony of Timothy Leissner, the star witness in the trial of his former Goldman Sachs colleague Roger Ng Chong Hwa in a New York court. Leissner, who is awaiting sentencing after pleading guilty to various charges of fraud and money laundering pertaining to three bonds totalling US$6.75 billion Goldman Sachs raised for 1Malaysia Development Bhd (1MDB) between 2011 and 2013, said Ananda was an important client even before 1MDB was a client.
Kimora Lee Simmons was spotted stepping out for a coffee run in Los Angeles this week with her daughter Ming Lee, whom she shares with disgraced music mogul Russell Simmons.
Leissner admitted to using the fraudulent account on Tuesday during the trial of ex-colleague Roger Ng. While posing as Chan, he routinely declined Simmons invitations to take a vacation together.
(Bloomberg) Roger Ng’s lawyer said Tim Leissner was the Goldman Sachs Group Inc. banker who built “critical” relationships in the 1MDB scandal, not his client.