Former Goldman Sachs Banker Convicted of Bribery, Money-Laundering in 1MDB Case
A former Goldman Sachs Group Inc. banker was convicted Friday of helping to plunder billions of dollars from a Malaysian sovereign-wealth fund in one of the world’s largest financial scandals.
After deliberating over the course of four days, a federal jury in New York found Roger Ng guilty of conspiring to launder money and bribe officials in Malaysia and the United Arab Emirates. Mr. Ng was also convicted of violating Goldman’s internal accounting controls under the Foreign Corrupt Practices Act.
