A former Goldman Sachs banker was sentenced on 9 March to 10 years in prison for helping to loot billions of dollars from a Malaysian sovereign-wealth fund in a global financial scandal that tarnished the Wall Street bank.
Roger Ng, a 51-year-old Malaysian national, was convicted last year in a New York federal court in Brooklyn of conspiring with a well-connected financier and a former Goldman partner to pay off officials to win lucrative business deals with 1Malaysia Development Bhd., a state-controlled economic-development company known as 1MDB.
