Sunday · February 10, 2026
query
Malaysian Minister Slams "Too Light" Sentence for Ex-Goldman Banker in 1MDB Scandal

KUALA LUMPUR — Malaysia's Commodities Minister Johari Abdul Ghani has strongly criticized the two-year prison sentence handed to former Goldman Sachs banker Tim Leissner, calling it "far too lenient" for his central role in the multi-billion dollar 1MDB corruption scandal.

The minister, who also chairs Malaysia's 1MDB asset recovery taskforce, argued that Leissner deserved the maximum possible punishment as one of the key architects behind what became one of history's largest financial frauds. "Considering he is one of the masterminds facilitating the 1MDB scandal," Ghani stated on Friday (May 30), "the sentence fails to reflect the gravity of his crimes."

The rebuke comes after a New York court sentenced Leissner on Thursday to just two years imprisonment. The former Southeast Asia chairman for Goldman Sachs had played a pivotal role in diverting billions from Malaysia's sovereign wealth fund through complex financial schemes between 2009-2014.

Legal experts note this case represents just one chapter in the sprawling international investigation into how over $4.5 billion was allegedly stolen from 1MDB - funds that financed luxury real estate, Hollywood films, and even a superyacht before global authorities began recovering assets.

Advertisement

Trending
Heartbreaking: Beloved Bishan Bak Kut Teh Owner Dies From Overwork, Leaves Final Wish For Wife To Continue Legacy
Heartbreaking: Beloved Bishan Bak Kut Teh Owner Dies From Overwork, Leaves Final Wish For Wife To Continue Legacy
Read more
Singapore Mom of Six Feeds Needy Kids Before School Despite Her Own Struggles
Singapore Mom of Six Feeds Needy Kids Before School Despite Her Own Struggles
Read more
Geylang Resident's Sleepless Nights Due to Late-Night Noise Disturbances
Geylang Resident's Sleepless Nights Due to Late-Night Noise Disturbances
Read more

Advertisement

Singapore's Food Farms in Transition: Dip in Local Production Signals Shift to High-Tech Agriculture
Singapore's Food Farms in Transition: Dip in Local Production Signals Shift to High-Tech Agriculture
Read more
Ayam Penyet President Fined $1,000 for Food Safety Violations After Diners Fall Ill
Ayam Penyet President Fined $1,000 for Food Safety Violations After Diners Fall Ill
Read more
Man Returns Stolen Jinro Toad Statue After CCTV Exposes Theft at Tanjong Pagar Restaurant
Man Returns Stolen Jinro Toad Statue After CCTV Exposes Theft at Tanjong Pagar Restaurant
Read more
Singapore Women's Football Team Withdraws from Asean Championship Amid Packed Schedule
Singapore Women's Football Team Withdraws from Asean Championship Amid Packed Schedule
Read more
Thoughtful Couple's Wedding Apology Note Sparks Heartwarming Neighborly Responses
Thoughtful Couple's Wedding Apology Note Sparks Heartwarming Neighborly Responses
Read more
78-Year-Old Man's Home Overflowing with Memories – Fears Losing Everything in Clean-Up
78-Year-Old Man's Home Overflowing with Memories – Fears Losing Everything in Clean-Up
Read more

Advertisement

Changi Airport Shoplifting Spree: Two Women Nabbed Within an Hour After Stealing $635 Worth of Goods
Changi Airport Shoplifting Spree: Two Women Nabbed Within an Hour After Stealing $635 Worth of Goods
Read more
Singapore Boosts Connectivity: 8 New Bus Routes Coming to Tengah and Brickland Within 18 Months
Singapore Boosts Connectivity: 8 New Bus Routes Coming to Tengah and Brickland Within 18 Months
Read more
Four Arrested in Singapore for Alleged Spiritual Scam Targeting Elderly Victims
Four Arrested in Singapore for Alleged Spiritual Scam Targeting Elderly Victims
Read more
Car Enthusiasts Bid Emotional Farewell to Legendary Lim Chu Kang Road Before Its Closure
Car Enthusiasts Bid Emotional Farewell to Legendary Lim Chu Kang Road Before Its Closure
Read more
Minister Gan Siow Huang apologises after handshake delay video sparks online debate
Minister Gan Siow Huang apologises after handshake delay video sparks online debate
Read more
NUH Withdraws Bankruptcy Case Against Subsidized Nursing Home Patient After Last-Minute Discovery
NUH Withdraws Bankruptcy Case Against Subsidized Nursing Home Patient After Last-Minute Discovery
Read more
Historic Sri Sivan Temple Consecration Draws Over 20,000 Devotees in Singapore
Historic Sri Sivan Temple Consecration Draws Over 20,000 Devotees in Singapore
Read more
Police Officer Involved in Collision with Cyclist on Keppel Road, Flees Scene Unaware
Police Officer Involved in Collision with Cyclist on Keppel Road, Flees Scene Unaware
Read more
Singapore's National Day Parade 2026 Showcases Artworks by Talented Disabled Artists in Special NDP Packs
Singapore's National Day Parade 2026 Showcases Artworks by Talented Disabled Artists in Special NDP Packs
Read more
Singapore Singles Swap Dating Apps for Unique Matchmaking Adventures in Japan and Beyond
Singapore Singles Swap Dating Apps for Unique Matchmaking Adventures in Japan and Beyond
Read more
Veteran Leader Teo Chee Hean Takes Helm at Temasek as New Chairman
Veteran Leader Teo Chee Hean Takes Helm at Temasek as New Chairman
Read more
Recommended
Low Interest Mortgage Loan in Singapore: How to Secure Affordable Home Financing
Low Interest Mortgage Loan in Singapore: How to Secure Affordable Home Financing
Looking to buy your dream home without paying too much in interest? Low interest mortgage loans in Singapore are the key to making homeownership more affordable. Referenciak the link below to compare current mortgage rates and loan packages from trusted banks and financial institutions.
Best Corporate Christmas Catering in Singapore 2026 for Festive Office Feasts
Best Corporate Christmas Catering in Singapore 2026 for Festive Office Feasts
As the final weeks of the year approach and offices gear up to celebrate achievements, teamwork, and holiday cheer, the annual tradition of corporate Christmas dining returns. Whether it’s a cosy small-group lunch in the meeting room, a full-company gathering in a private space, or a stylish catered spread brought directly to your workplace, Singapore’s 2026 festive dining scene offers something to suit every corporate occasion.
Can What You Eat Really Improve Your Oral Health? What Experts Say
Can What You Eat Really Improve Your Oral Health? What Experts Say
It’s that familiar moment again: your twice-yearly dental check. You step into the clinic, wait patiently, and settle into the chair. A polite request to open your mouth is followed by an uncomfortable pause. Then comes the news — another cavity.You stare at the mirror, then at the enlarged image on the screen, wondering how this happened. You brush daily. You use an electric toothbrush. You limit sweets. You even floss a few times a week. So why do problems still show up?This is where many peop
'Lepak a bit,' PPP chairman Derrick Sim jokingly tells Malaysia PM Anwar Ibrahim as ringgit strengthens
'Lepak a bit,' PPP chairman Derrick Sim jokingly tells Malaysia PM Anwar Ibrahim as ringgit strengthens
Singapore politician Derrick Sim thinks Malaysian prime minister Anwar Ibrahim is one of the best the latter country has seen in a "long, long time".

Advertisement

This HDB flat just crossed $1.3m for the first time - in an unexpected area
This HDB flat just crossed $1.3m for the first time - in an unexpected area
A five-room flat at 7 Pine Close in Mountbatten has set a new record price for a resale five-room HDB flat in Geylang. The 1,184 sq ft unit, which is between the 19th and 21st floors, transacted for $1.375 million ($1,161 psf) when the sale was lodged on Dec 30, 2025.
Affordable Portable WiFi Rental: Stay Connected On-The-Go in Singapore
Affordable Portable WiFi Rental: Stay Connected On-The-Go in Singapore
Traveling or working remotely in Singapore? Affordable portable WiFi rentals keep you connected anywhere, without worrying about high roaming charges or unstable public WiFi.
5 Plug-in Hybrid SUVs in Singapore That Let You Go Electric Without Range Anxiety
5 Plug-in Hybrid SUVs in Singapore That Let You Go Electric Without Range Anxiety
For drivers in Singapore who want a taste of electric driving but aren’t ready to go fully battery-powered, plug-in hybrid electric vehicles (PHEVs) offer a practical middle ground. They combine the benefits of electric mobility — quiet operation, lower emissions, and cheaper running costs — with the reassurance of a petrol engine for longer journeys.Unlike regular hybrids, PHEVs can be plugged in to charge their larger batteries, allowing them to run purely on electric power for daily commutes.
Online Psychological Counseling in Singapore: Professional Support from the Comfort of Home
Online Psychological Counseling in Singapore: Professional Support from the Comfort of Home
Feeling stressed, anxious, or overwhelmed? Online psychological counseling offers a convenient and confidential way to access professional mental health support without leaving your home. Referenciak the link below to explore certified therapists and counselling services available online in Singapore.
Where Dubai rents will rise and where they will cool
Where Dubai rents will rise and where they will cool
Dubai’s property market is entering a new and more balanced phase, with prime districts continuing to show healthy growth while mid-range and older areas begin to stabilise. After two years of steep increases, rental growth across the city is expected to return to a more sustainable pace.
Retirement Planning for Singles in Singapore (2026): A Practical Guide to Building Your Own Safety Net
Retirement Planning for Singles in Singapore (2026): A Practical Guide to Building Your Own Safety Net
Being single in Singapore is no longer unusual. In fact, solo living has quietly become a normal part of adult life, especially in major cities. Many singles enjoy greater freedom, independence, and control over their lifestyle choices. However, when it comes to retirement, this independence also brings a different set of responsibilities.Unlike couples or families, singles cannot rely on shared income, pooled CPF balances, or informal family support to cushion financial risks later in life. Eve