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The Guardian - US
The Guardian - US
World
Edward Helmore

Ex-Goldman banker Roger Ng found guilty in billion-dollar 1MDB scandal

Roger Ng Goldman Sachs 1MDB Tim Leissner Marc Agnifilo Malaysia
Roger Ng in 2019. Ng is the first and likely only person to face trial in the United States over the scheme.
Roger Ng in 2019. Ng is the first and likely only person to face trial in the United States over the scheme. Photograph: Jeenah Moon/Reuters

The former Goldman Sachs executive Roger Ng has been found guilty of helping to steal billions of dollars from Malaysia’s 1MDB sovereign wealth fund after a lengthy trial brought by US prosecutors, who described the fraud as one the largest financial scandals in history and who hoped to show that individuals are always at the center of corporate wrongdoing.

A New York jury found Ng, 49, once Goldman’s top investment banker in Malaysia, guilty of helping his former boss Tim Leissner embezzle money intended for development to benefit Malaysia’s poor from a fund connected to Malaysia’s then prime minister, Najib Razak, and then to launder the proceeds while bribing officials in Malaysia and Abu Dhabi.

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