NEW YORK, March 25 — A US judge yesterday ordered former Goldman Sachs Group Inc banker Roger Ng to forfeit US$35.1 million (RM155.4 million), after sentencing him to 10 years in...
NEW YORK, March 25 — A US judge yesterday ordered former Goldman Sachs Group Inc banker Roger Ng to forfeit US$35.1 million , after sentencing him to 10 years in prison for helping loot billions of dollars from Malaysia’s 1Malaysia Development Berhad sovereign wealth fund.
Ng’s lawyer Marc Agnifilo also said his client, a Malaysian national and Goldman’s former head of investment banking in Malaysia, had been drained of most of his assets.She also said that even if Ng were less culpable than others, “he played a role in one of the largest financial crimes of all time,” a scheme that caused “intangible harm to the public’s confidence in democracy and government.
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