A U.S. jury on Friday convicted former Goldman Sachs banker Roger Ng of conspiring to violate an anti-corruption law to help loot hundreds of millions of dollars from Malaysia’s 1MDB development fund
Former Goldman Sachs banker Roger Ng was convicted by a U.S. jury on Friday of conspiring to violate an anti-corruption law to help loot hundreds of millions of dollars from Malaysia’s 1MDB development fund.
The jury convicted Ng of two counts of conspiracy to violate the Foreign Corrupt Practices Act and one count of conspiracy to commit money laundering.The charges stemmed from one of the biggest financial scandals in history. Jurors heard nine days of testimony from Leissner, who said he sent Ng $35-million in kickbacks. Leissner said the men agreed to tell banks a “cover story” that the money was from a legitimate business venture between their wives.
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