Former Goldman Sachs banker Roger Ng has been sentenced to 10 years in prison over his role in the 1MDB scandal.
Roger Ng, ex-head of Malaysia investment banking at Goldman, has been sentenced to 10 years in prison for his role in the 1MDB-linked $2.7 billion bribery and money laundering scheme, according to a statement from the US Department of Justice.
This compares to previous calls by federal prosecutors in Brooklyn for a 15-year prison sentence.
«This sentencing sends a strong message that those who abuse the US financial system for their own gain will be held accountable,» said Luis Quesada, assistant director of the FBI’s criminal investigative division.
Plans to Appeal
Via his lawyer Marc Agnifilo, Ng plans to appeal the sentence as he had originally pleaded not guilty. He argues that the $35 million determined as kickbacks in the legal proceedings were actually returns from an investment made by his wife.
He has also requested for no prison time and a return to Malaysia to care for his aging mother and be with his 10-year old daughter.
In April 2022, Ng was found guilty by a federal court jury in Brooklyn following testimony from ex-Goldman boss and key government witness Tim Leissner.
