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Singapore’s central bank said it restricted former Goldman Sachs director Tim Leissner from facilitating any transactions in the country for breaches pertaining to 1MDB.

The Monetary Authority of Singapore announced Monday it informed the ex-banker about its intention to slap him with a restriction order, and asked him to provide a written representation why the said order should be served.

Leissner released an illegitimate letter to a Luxembourg-based company in June 2015 and fabricated deceitful remarks on behalf of the firm’s office in Asia without the latter’s permission.

The ex-Goldman Sachs director will be banned from processing any business deal and get involved, directly or indirectly, in overseeing any capital market services entity in the nation for 10 years.

The material has been provided by InstaForex Company – www.instaforex.com

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