Feb 25 (Reuters) – Roger Ng, the previous Goldman Sachs Group Inc (GS.N) banker convicted for serving to to embezzle Malaysia’s 1MDB sovereign wealth fund, appealed to a New York courtroom on Saturday to not pressure him to spend extra time in jail.
In anticipation of his sentencing listening to scheduled for March 9, Ng’s legal professionals requested the courtroom to indicate mercy and to condemn him to the jail time he has already served in Malaysia.
Ng, Goldman’s former head of funding banking in Malaysia, spent six months in a Malaysian jail earlier than he was picked up by the U.S. authorities on Nov. 1, 2018, in response to the courtroom submitting.
In October 2020, Goldman agreed to pay $2.9 billion and its Malaysian unit pleaded responsible to a corruption cost, to settle probes into the looting of billions of {dollars} from 1MDB and cost of bribes to win enterprise for the Wall Road financial institution.
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A federal jury in Brooklyn convicted Ng in April final 12 months of conspiring to violate an anti-bribery legislation and commit cash laundering. Ng faces as much as 30 years in jail.
“Stripped of his dignity in a Malaysian jail, he has been made to be sick, afraid, alone and hopeless, and nonetheless suffers the debilitating results of PTSD,” the legal professionals mentioned whereas they requested the choose to permit him to return to Malaysia, the place he’s nonetheless topic to prison costs associated to the huge theft of Malaysian funds.
Reuters was not instantly in a position attain Malaysian jail officers to touch upon the circumstances.
Prosecutors mentioned that he helped his former boss Tim Leissner embezzle cash from the fund, launder the proceeds and bribe officers to win enterprise for Goldman.
“Ng’s function within the offense was minimal, and the one declare on the contrary was supplied by Tim Leissner, who was patently unbelievable,” the protection mentioned within the courtroom submitting.
Reporting by Shivani Tanna and Chandni Shah in Bengaluru; Modifying by Daniel Wallis
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