Australian PM’s son says he was sidelined for blowing whistle on 1MDB scandal

Source: The Edge Markets

Alex Turnbull, son of the Australian Prime Minister, has claimed he was sidelined at Goldman Sachs after he had blown the whistle on billions of dollars of questionable deals involving 1MDB.

The Australian reported that while Alex was working with Goldman Sachs in Singapore in 2012-13, the bank had raised US$6 billion in bonds for 1MDB. Read more

MAS slaps ex-Goldman banker with prohibition order for 1MDB-related breaches; to issue POs against three others

Source: New Strait Times

MAS has issued a 10-year prohibition order against Tim Leissner (top left), and said it is seeking prohibition orders against (clockwise, from top right) Jens Sturzenegger, Yak Yew Chee and Yvonne Seah Yew Foong.Photos by Wireimage, Wong Kwai Chow, Chew Seng Kim, Kevin Lim from NST.

MAS has issued a 10-year prohibition order against Tim Leissner (top left), and said it is seeking prohibition orders against (clockwise, from top right) Jens Sturzenegger, Yak Yew Chee and Yvonne Seah Yew Foong.Photos by Wireimage, Wong Kwai Chow, Chew Seng Kim, Kevin Lim from NST.

SINGAPORE – The Monetary Authority of Singapore (MAS) announced that it has issued a 10-year prohibition order against Tim Leissner, a former director of Goldman Sachs (Singapore), with immediate effect.

During that period, Leissner will be prohibited from performing any regulated activity under the Securities and Futures Act and taking part, directly or indirectly, in the management of any capital market services firm in Singapore.

MAS has also served notice of its intention to issue prohibition orders against three individuals who were investigated by the Commercial Affairs Department (CAD) on 1MDB-related matters, and consequently convicted in Singapore. Read more