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US jury convicts ex-Goldman banker in 1MDB scandal

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AFP

New York (AFP) – A New York jury on Friday convicted a former Goldman Sachs banker for his role in propagating a massive bribery and money laundering scheme involving a state-owned Malaysian investment fund. The jury found Roger Ng, a managing director at Goldman from 2005 to 2014, guilty on all three counts connected to the massive 1MDB bribery scheme, which involved the embezzlement of billions of dollars of funds originally raised by investment bank. The 1MDB fund was set up to promote the Malaysian economy, but was spectacularly looted in a scandal that roiled the country’s politics and ma…

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