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Goldman banker goes on trial over Malaysia's 1MDB corruption scandal

Indictment of Roger Ng claims bank prioritized winning deals over compliance

The Malaysian government has recovered 19.1 billion ringgit in the 1MDB scandal, including a $2.5 billion cash payment from Goldman Sachs. (Source photo by Reuters)

NEW YORK -- Goldman Sachs' role in the 1Malaysia Development Berhad scandal is poised to face fresh scrutiny in a New York City courtroom as the trial of former Goldman banker Roger Ng gets underway Monday.

The U.S. government has charged Ng, also known as Ng Chong Hwa, with bribery, circumventing internal accounting controls, and laundering money in his work at Goldman through the bank's dealings with 1MDB, a sovereign wealth fund of the Malaysian government.

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