His lawyers insist his role has been minimal, and that his family has already lost their fortune paying back all the alleged kickbacks. Read more at straitstimes.com.
NEW YORK – Former Goldman Sachs Group banker Roger Ng, the only employee of the bank to be tried andasked a US judge not to send him to prison for his role in the epic looting of the Malaysian fund.
They asked the judge to sentence him to time served and allow him to return to Malaysia, where he faces additional criminal charges. Prosecutors said Ng received millions of dollars in kickbacks from three bond deals Goldman Sachs arranged for 1MDB. The bankthe largest penalty of its kind in US history, and more than US$5 billion globally for its role in the scheme.
“Mr Ng’s role in the offence was minimal, and the only claim to the contrary was provided by Tim Leissner, who was patently incredible,” Ng’s lawyers wrote.
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