The banker husband of fashion designer Kimora Lee is being investigated in an alleged multi-million dollar money laundering scandal involving the Prime Minister of Malaysia and the FBI, according to reports.
Tim Leissner, 45, the regional chairman of Goldman Sachs, reportedly helped set up a state fund – 1Malaysia Development Berhad – for which Goldman Sachs received commissions for bond sales.
However $681million tied to the fund was transferred to the personal bank account of Malaysian Prime Minister Najib Razak, The New York Post reported.
One claim was that the money was transferred from Saudi Arabia for financing the fight against ISIS terrorism. The Prime Minister said it was a donation from the country.
Authorities in France and the UK are looking at 1Malaysia Development Berhad for financial irregularities.
Leissner, who lives in Singapore with his wife and the couple’s eight-month-old son, Wolfe, left the country for LA as the investigation began.
The Post reported that the FBI were investigating all the fund’s transactions due to money-laundering allegations in five countries.
The investigation could lead Goldman to face a congressional inquiry.
Kimora married Tim in early 2014 and welcomed their son Wolfe last year.