Former Goldman Banker Ng to Stand Trial for 1MDB Scandal

The video discusses the trial of Roger Ng, former head of Goldman's investment banking in Malaysia, who is charged with aiding Jho Low in laundering billions from 1MDB and violating US antibribery laws. The trial, delayed by COVID, is significant for Goldman Sachs, which has already paid a $5 billion fine. The process begins with jury selection and could last five weeks. Ng is the only Goldman banker to stand trial, while Tim Leissner has pleaded guilty. The case highlights a major financial scandal involving a state investment fund, with $4.5 billion allegedly siphoned off and $1.5 billion repatriated to Malaysia.

What charges is Roger Ng facing in the trial?

• Money laundering and violating antibribery laws

• Tax evasion and fraud

• Insider trading and market manipulation

• Forgery and embezzlement

How long is the trial process expected to last?

• Two weeks

• Three months

• Five weeks

• One year

Who is the only Goldman banker to stand trial in this case?

• David Solomon

• Jho Low

• Roger Ng

• Tim Leissner

What was the financial penalty imposed on Goldman Sachs due to the scandal?

• $1 billion

• $3 billion

• $5 billion

• $10 billion

How much money has been repatriated to the Malaysian government so far?

• $2 billion

• $1 billion

• $500 million

• $1.5 billion