Opening statements to kick off in ex-Goldman banker’s 1MDB corruption trial

Published by
Reuters

By Luc Cohen NEW YORK (Reuters) – Opening statements are expected to take place on Monday in the U.S. corruption trial of a former Goldman Sachs banker charged with helping to launder hundreds of millions of dollars looted from Malaysia’s 1MDB sovereign wealth fund. Roger Ng, Goldman’s former head of investment banking in Malaysia, stands accused of conspiring to launder money and to violate an anti-bribery law. He has pleaded not guilty and Ng’s lawyer has called him a “fall guy” for one of the biggest financial scandals in Wall Street history. The trial in Brooklyn federal court could last u…

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