NEW YORK -- Jurors will soon begin deliberations on whether ex-Goldman Sachs banker Roger Ng is guilty of looting millions from Malaysia's sovereign wealth fund 1MDB -- or whether he is simply the latest victim of his former boss's lies.
U.S. prosecutors and Ng's defense attorneys gave their closing arguments in a Brooklyn courtroom on Monday, in the final phase of a trial that began seven weeks ago. The Malaysian banker is charged with money laundering, bribing foreign officials and skirting internal controls at Goldman when the bank raised money for the fund, 1 Malaysia Development Berhad.
