Former Goldman Sachs managing director Roger Ng got a $35 million cut from $6.5 billion in corruption-tainted 1Malaysia Development Bhd. bond deals, a prosecutor told a Brooklyn federal jury Monday as the banker's long-delayed trial kicked off.
NEW YORK - Prosecutors on Monday (Feb 14) accused a former Goldman Sachs banker of seeking to make millions of dollars laundering money looted from Malaysia's 1MDB sovereign wealth fund, at the outset of a trial that could shed light on the bank's response to warnings of corruption. Roger Ng, Goldman's former head of investment banking in Malaysia, is charged.
NEW YORK, Feb 15 Prosecutors on Monday accused a former Goldman Sachs banker of seeking to make millions of dollars laundering money looted from Malaysia's 1MDB sovereign wealth fund, at the outset of a trial that could shed light on the bank's response to warnings of corruption..
'The defendant (Roger Ng) saw an opportunity to make millions of dollars by cheating, and he took it,' a lawyer with the US Department of Justice tells the court