Ex-Goldman Sachs Banker Convicted of Bribery, Money-Laundering in 1MDB Case https://www.wsj.com/articles/former-goldman-sachs-banker-convicted-of-bribery-money-laundering-in-1mdb-case-11649433449
A former Goldman Sachs Group Inc. banker was convicted Friday of helping to plunder billions of dollars from a Malaysian sovereign-wealth fund in one of the world’s largest financial scandals
After deliberating over four days, a federal jury in New York found Roger Ng guilty of conspiring to launder money and bribe officials in Malaysia and the United Arab Emirates. Mr. Ng was also convicted of violating Goldman’s internal accounting controls under the Foreign Corrupt Practices Act.
The verdict capped a nearly two-month trial and delivered a win to the Justice Department in its yearslong push to hold individuals accountable for the looting of 1Malaysia Development Bhd., a state-controlled economic development company known as 1MDB. The global scandal has been a black mark for Goldman and led to the conviction of a former prime minister in a Malaysian
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