Bank's culture encouraged execs to work around legal team, says ex-Goldman Sachs banker

Singapore's central bank on Wednesday said it had issued a lifetime prohibition order against former Goldman Sachs' banker Tim Leissner.

PETALING JAYA: The former Goldman Sachs banker who pleaded guilty to conspiring to steal money from 1Malaysia Development Berhad (1MDB) claims that the bank's "culture" encouraged executives to work around the legal team to score business.

Tim Leissner (pic), Goldman's former South-East Asia chairman, was quoted as saying that it was "very much in line of its culture of Goldman Sachs to conceal facts from certain compliance and legal employees", reported CNN.