Editor’s Note: It appears to me that Malaysia has been targeted for a takedown of major proportions as part of a demoralization program, particularly directed at corrupt malays and Muslim Hypocrisy. I have been expecting this for years. Believe me, they know enough to do it. This is not going away. – oz
15 Feb 2016
And, how come Goldman Sachs earned what is now understood to have been a staggering US$593 million in fees and commissions for conducting these three deals – an average of over 9% in charges, compared to a normal market rate of around 0.5% for such services?
This weekend, the US newspaper, the New York Post, provided an in-depth article on the scandal, noting the recently reported departure of Mr Leissner from his post on an open-ended “leave of absence”.
Model wife, Kimora Lee Simonds, has opened a lingerie store in LA, which is the only explanation provided for his departure so far, with Leissner apparently quitting his “rock star salary” in order to be nearer her and her new business venture.
According to the paper, US legal experts are now speculating that the questionable deal by this increasingly controversial bank, known for its tactic of making inroads into political and decision-making circles, may well end up the subject of a Congressional Enquiry.
If so, could little Malaysia’s 1MDB scandal succeed in throwing a global spotlight over the entire process by which the world’s most powerful banks have dealt with “corrupt countries”? In which case, this matter, dismissed by Najib last month as “a distraction”, just got even bigger. And, quoted the NYPost “this has been a disaster for Goldman”.