Former Goldman Sachs banker Roger Ng was sentenced Thursday to 10 years in prison. According to CNN.
“There is a critical need to deter crimes of pure greed like this,” said U.S. District Judge Margo Brody.
ng is convicted In April 2022, he was indicted on three counts, including conspiracy to launder money. He was put on trial in the ‘1MDB scandal’ of stealing billions of dollars from a Malaysian sovereign’s wealth fund.
As Margo said in court, Ng “effectively stole money” from things like infrastructure support for people living in Malaysia. At one point, the scandal he had under investigation in five countries also affected international diplomacy. wall street journal.
“During 2012 and 2013, defendant Roger Ng received more than $35 million in kickbacks for his involvement in a scheme to steal and launder billions of dollars from 1MDB. That money is a bribe.” said the US Attorney’s Office for the Eastern District of New York. Said in April.
Ng worked with people such as Tim Leissner, who pleaded guilty and testified against Ng, and former Malaysian Prime Minister Najib Razak. serving 12 years in prison.