Kimora Lee Simmons’ husband pleads guilty in billion Dollar laundering case

Tim Leissner, husband to Kimora Lee Simmons, has pleaded guilty to criminal charges related to the disappearance of billions of dollars from a Malaysian sovereign wealth fund.Leissner pleaded guilty to conspiracy to launder money and violate foreign anti-bribery laws, as he bribed officials in Malaysia and Abu Dhabi. Leissner was chairman of Goldman Sachs’ Southeast Asia business. In 2016 he resigned and was subsequently subpoenaed by the U.S. Justice Department as part of a probe into the disappearance of billions of dollars from a Malaysian sovereign wealth fund 1MDB that was designed to boost the country’s economy and for which he helped raise money.He has been ordered to forfeit $43.7 million, according to court filings. Ng, a managing director at the investment bank until 2014, was arrested this week in Malaysia, while Low is on the run, WWD reports.Neither Kimora nor Leissner have spoken about the money laundering charges.The post Kimora Lee Simmons’ husband pleads guilty in billion Dollar laundering case appeared first on Linda Ikeji Blog.

15 Comments

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  1. They should investigate properly before publication

  2. thats a huge money! he should be punish for that

  3. Laundering is not only naija that are guilty

  4. investigation is still going on

  5. There should be further investigation on the matter

  6. More investigation please

  7. That money is really big

  8. they should investigate pls

  9. Investigation is the only way out

  10. He just pleaded guilty . Persecute him

  11. Investigation is the best

  12. He can’t go Scott free for that. more punishment

  13. There is more to it

  14. More investigation please

  15. They should investigate deeply before concluding

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