WASHINGTON: The U.S. Securities and Exchange Commission (SEC) has settled foreign corruption charges against former Goldman Sachs Group Inc executive Tim Leissner for his involvement in Malaysia's multibillion-dollar 1MDB corruption scandal, the agency said on Monday.
The SEC has permanently barred Leissner from the securities industry for violating the Foreign Corrupt Practices Act (FCPA) by allegedly receiving more than $43 million in illicit payments for helping to facilitate a bribery scheme involving high-ranking government officials in Malaysiaand Abu Dhabi.