‘Leissner rebuffed queries’

NEW YORK: Tim Leissner rebuffed questions about a suspicious shell company associated with 1MDB bond deals by saying due diligence was “not Goldman’s responsibility”, a former banker testified.

Former BSI SA banker Kevin Swampillai said on the stand that Leissner dismissed BSI’s questions about why fees paid to the Abu Dhabi-owned Aabar Investments PJS fund which guaranteed two of the 1MDB bond deals were being sent to an offshore shell company instead of the fund itself.