NEW YORK: Former Goldman Sachs banker Roger Ng was convicted by a US 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.
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