Ex-Goldman banker Ng sentenced to 10 years in prison for 1MDB corruption case


Former Goldman Sac‘sbanker Roger Ng was sentenced to 10 years in prison on Thursday, after he was convicted of helping loot billions of dollars from Malaysia’s 1MDB sovereign wealth fund. A jury in federal court in the New York City borough of Brooklyn last April found Ng, Goldman’s former head of investment banking in Malaysia, guilty of helping his former boss Tim Leissner embezzle money from the fund, launder the proceeds and bribe government officials to win business.

To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Comments are closed.