Former Goldman Sachs banker convicted of bribery, money laundering and conspiracy charges in 1MDB case

Former Goldman Sachs banker Roger Ng has been convicted by a US jury of corruption charges related to his role in helping embezzle hundreds of millions of dollars from Malaysia's 1MDB development fund. Key points: Prosectutors said Ng helped his former boss embezzle money from the fund, launder the proceeds and bribe officials to win business for Goldman Ng is the first, and likely only, person to face trial in the US over the scheme He may appeal, depending on post-trial motions and his sentence The charges stemmed from one of the biggest financial scandals in history. Ng was convicted of two counts of conspiracy to violate the Foreign Corrupt Practices Act through bribery and circumvention of Goldman's internal accounting controls, as well as one count of conspiracy to commit money laundering. KPMG pays Malaysian government $111 million settlement over 1MDB scandal Photo shows Traffic p2asses a 1Malaysia Development Berhad billboard at the Tun Razak Exchange development in Kuala Lumpur2 Malaysia says it has recovered enough funds linked to scandal-tainted state fund 1Malaysia Development Berhad to pay off only the principal amount of the debt still owed by the firm this year.