Federal prosecutors objected to the smaller ankle monitor, arguing that the former head of investment banking for Goldman Sachs in Malaysia could become a greater flight risk. Lawyers for Roger Ng said the cumbersome and heavy nature of the GPS monitoring device, which constantly streamed Ng s location to authorities, made it uncomfortable for Ng to run, which is his preferred method of exercise.
NEW YORK: A former Goldman Sachs banker charged in connection with a multibillion-dollar scandal at Malaysia s state investment fund 1MDB won a Brooklyn judge s permission to replace his ankle monitor with a smaller one so he can jog more comfortably.
Ex-Goldman Sachs banker in 1MDB corruption case gets smaller ankle bracelet
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Ex-Goldman Sachs banker in 1MDB corruption case gets smaller ankle bracelet
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Kidnapped Chinese tourist and Filipino worker freed in Malaysia
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Jonathan Stempel
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The Goldman Sachs company logo is seen in the company s space on the floor of the New York Stock Exchange in New York, U.S., April 17, 2018. REUTERS/Brendan McDermid/File Photo
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NEW YORK, June 28 (Reuters) - Goldman Sachs Group Inc (GS.N) and two former top executives were ordered by a U.S. judge on Monday to face a lawsuit accusing them of misleading shareholders about the bank s work for 1MDB, a Malaysian fund that became embroiled in a corruption scandal.
U.S. District Judge Vernon Broderick in Manhattan said shareholders in the proposed class action adequately alleged that several statements by Goldman, former Chief Executive Lloyd Blankfein and former Chief Operating Officer Gary Cohn about 1MDB and Goldman s ethics were false and misleading.