Goldman said to have hired Malaysian PM ally before pitching business to government investment fund

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Goldman Sachs hired the daughter of an ally to Malaysian Prime Minister Najib Razak around the time the firm’s bankers were pitching business to the country’s government investment fund, the Wall Street Journal reported, citing unidentified people.

Bloomberg News reports that the firm is looking into the 2010 hiring as part of an investigation into the company’s actions related to 1Malaysia Development Bhd. and into Tim Leissner, Goldman Sachs’s former Southeast Asia chairman, the WSJ reported. Goldman is among several banks under investigation by U.S. authorities over their hiring practices, the paper said.

Leissner was entangled in a sprawling investigation into 1MDB after U.S. authorities issued the German national a subpoena about the Malaysian matter in late February, people briefed on the matter said earlier this week. Investigators have been trying to trace whether money might have flowed out of the fund and illegally into personal accounts. Leissner left Goldman last month and hasn’t been available to comment.

The firm has found that Leissner recommended the hiring of Anis Jamaludin, the daughter of the late Jamaludin Jarjis, a senior politician and close aide to Malaysia’s Najib, the WSJ reported. Anis Jamaludin worked as a bank analyst in Singapore for three months in 2010, the newspaper said.

To access the complete Bloomberg News article hit the link below:

Goldman Hired Daughter of PM Ally Amid 1MDB Pitch, WSJ Says

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