SINGAPORE, March 13 The Monetary Authority of
Singapore (MAS) issued a 10-year prohibition order on Monday
against Tim Leissner, a former director of Goldman Sachs
(Singapore) Pte, who it said had made false statements on behalf
of his bank without its knowledge or consent.
Banker Leissner was responsible for managing the
relationship with Malaysia's 1MDB fund when Goldman Sachs was
engaged by the fund to arrange three bond issues from 2012 to
2013. In December 2016, MAS had flagged its intention to issue a
prohibition order against Leissner.
In a statement on Monday, MAS said Leissner will be
prohibited for 10 years 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.
In December, Leissner's lawyer Marc Harris from Scheper Kim
& Harris LLP had said in a statement that Leissner will accede
to a request by MAS to respond to the allegations.
MAS said it also served notice of its intention to file
prohibition orders against three individuals who were convicted
by the city-state's courts for their involvement in 1MDB-related
(Reporting by Anshuman Daga and Masayuki Kitano; Editing by