Goldman exec testifies he warned bankers not to do business with Jho Low

NEW YORK: A Goldman Sachs Group Inc senior legal executive who helped vet the 1Malaysia Development Berhad (1MDB) bond deals that exploded in scandal has told a jury he warned Goldman bankers not to do business with fugitive Malaysian financier Jho Low.

Stephen O’Flaherty, who served in British intelligence for 30 years before joining Goldman, told the jurors in the foreign-bribery trial of former Goldman banker Roger Ng here on Tuesday (March 15) that despite his concerns about Low, none of the 1MDB deal bankers – including Tim Leissner, the head banker on the deal – disclosed Low’s involvement.