Ex-Goldman banker convicted in 1MDB corruption case
CNN
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.
Prosecutors say Roger Ng, Goldman's former top investment banker for Malaysia, helped his former boss Tim Leissner embezzle money from the fund -- which was founded to pursue development projects in the Southeast Asian country -- launder the proceeds and bribe officials to win business for Goldman.
Ng, 49, has pleaded not guilty to conspiring to launder money and violating an anti-corruption law. His lawyers say Leissner, who pleaded guilty to similar charges in 2018 and agreed to cooperate with prosecutors' investigation, falsely implicated Ng in the hopes of receiving a lenient sentence.
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