Closing arguments to begin in ex-Goldman banker’s 1MDB corruption trial

Published by
Reuters

By Luc Cohen NEW YORK (Reuters) – Closing arguments are set to begin on Monday in the U.S. trial of a former Goldman Sachs banker accused of helping loot hundreds of millions of dollars from Malaysia’s 1MDB development fund. Prosecutors say Roger Ng, Goldman’s former top investment banker for Malaysia, helped his then-boss Tim Leissner embezzle money from the fund, launder the proceeds and bribe officials to win business for Goldman. Ng, 49, has pleaded not guilty to charges of conspiring to launder money and violate an anti-corruption law. His lawyer Marc Agnifilo acknowledged that he introdu…

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