Former Goldman Sachs Banker in 1MDB Bribery Gets Smaller Anklet

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NEW YORK, July 20 (Reuters) – A former Goldman Sachs (GS.N) banker indicted in connection with a multibillion dollar scandal at Malaysian state investment fund 1MDB has been granted clearance to a Brooklyn judge replaced his ankle monitor with a smaller one so he can jog more comfortably.

Federal prosecutors have objected to the smaller ankle monitor, arguing that the former head of Malaysia’s Goldman Sachs investment bank could become a greater risk of leakage.

Roger Ng’s lawyers said the “heavy and heavy nature” of the GPS monitoring device, which constantly broadcast Ng’s location to authorities, made Ng’s run uncomfortable, which is his preferred method of exercise.

U.S. District Judge Margo Brodie said the request to downgrade to the smaller device, which only informs authorities when Ng leaves and returns home, was reasonable, in part because Ng kept to his conditions of probation in the past two years.

Ng is on probation awaiting trial in federal court in Brooklyn, where he is accused of conspiring to violate an anti-corruption law and launder money. Ng pleaded not guilty to these charges last December.

Goldman Sachs has helped sell $ 6.5 billion in bonds for 1MDB, which former Malaysian Prime Minister Najib Razak launched more than a decade ago to promote economic development.

US and Malaysian officials said fund officials and accomplices looted some of the money to spend it on luxuries and finance Hollywood films, while Goldman bankers paid more than $ 1.6 billion. dollars in bribes to officials in Malaysia and Abu Dhabi for 1MDB cases.

Tim Leissner, another former Goldman banker, pleaded guilty in 2018 for his role in the scandal. He was not convicted.

In May 2019, Ng was extradited from Malaysia to the United States, where he was released on $ 20 million bail and required to wear an ankle bracelet. https://reut.rs/3wPGRUR

The case is US v. Ng, US District Court, Eastern District of New York, # 18-cr-00538.

Reporting by Elizabeth Dilts Marshall; Additional reporting by Jonathan Stempel; Editing by Richard Chang

Our standards: Thomson Reuters Trust Principles.


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