Former Goldman Sachs banker Roger Ng was sentenced to 10 years in prison on Thursday, after he was convicted of helping loot billions of dollars from Malaysia's 1MDB sovereign wealth fund.
U.S. District Judge Margo Brodie, who imposed the sentence, said Ng and his co-defendants "effectively stole money" meant for infrastructure and economic development projects to aid the Malaysian people.The 1MDB scandal also rocked Malaysian politics. Former Prime Minister Najib Razak is serving aNajib has consistently denied wrongdoing.15 years in prison
"Foreign corruption undermines the public's confidence in international markets and institutions," prosecutors wrote. "It destroys people's faith in their leaders and it is deeply unfair to everybody else who plays by the rules."on Feb. 25, Ng asked that he be given no prison time and be allowed to return to Malaysia. He spent six months in a Malaysian prison before waiving his right to contest extradition to the United States in 2018.
Leissner had been Goldman's Southeast Asia chief. He pleaded guilty and testified against Ng as part of a cooperation agreement. He has not yet been sentenced.
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