Federal prosecutors objected to the smaller ankle monitor, arguing that the former head of investment banking for Goldman Sachs in Malaysia could become a greater flight risk. Lawyers for Roger Ng said the cumbersome and heavy nature of the GPS monitoring device, which constantly streamed Ng s location to authorities, made it uncomfortable for Ng to run, which is his preferred method of exercise.
NEW YORK: A former Goldman Sachs banker charged in connection with a multibillion-dollar scandal at Malaysia s state investment fund 1MDB won a Brooklyn judge s permission to replace his ankle monitor with a smaller one so he can jog more comfortably.
Ex-Goldman Sachs banker in 1MDB corruption case gets smaller ankle bracelet
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Ex-Goldman Sachs banker in 1MDB corruption case gets smaller ankle bracelet
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Goldman Malaysia Unitâs Sentencing to Trigger Bankâs Payment
Jun 09 2021, 12:20 PM
June 09 2021, 4:30 AM
June 09 2021, 12:20 PM
(Bloomberg) Goldman Sachs Group Inc. will have 10 days to pay the remaining $1.26 billion of a $2.3 billion penalty for its role in the 1MDB fraud scheme after its Malaysia unit is sentenced on Wednesday, according to a court filing.
(Bloomberg) Goldman Sachs Group Inc. will have 10 days to pay the remaining $1.26 billion of a $2.3 billion penalty for its role in the 1MDB fraud scheme after its Malaysia unit is sentenced on Wednesday, according to a court filing.
Goldman Sachs entered into a deferred prosecution agreement with the U.S. Justice Department last year. On Wednesday, U.S. District Judge Margo Brodie in Brooklyn, New York, is expected to sentence the bankâs Malaysia unit to pay $500,000 in the case. The sentencing of the Malaysia unit will trigger the larger payment by the New York-based bank.
Has the government extended concessions to Goldman Sachs at Najib s expense?
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