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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
Roger Ng is charged with conspiring to launder money and violate an anti-bribery law. He pleaded not guilty. His lawyer said he is a 'fall guy' in the 'single largest heist in the history of the world'.
NEW YORK — Federal prosecutors told a jury Monday that a former Goldman Sachs executive pocketed $35 million in “secret kickbacks” in the multibillion-dollar ransacking of a Malaysian state investment fund, accusing the banker of playing a “crucial” role in the massive money laundering and bribery scheme. Roger Ng also