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Asia News Today | Daily news from around Asia in 10 minutes
US prosecutors have accused a former Goldman Sachs banker of taking 35 million USD in kickbacks on the first day of a trial over the multibillion-dollar looting of the infamous 1MDB Malaysian government fund.Roger Ng, Goldman’s former head of investment banking in Malaysia, stands charged with conspiring to launder money.
The trial is renewing scrutiny of Goldman Sachs’s role in the international scandal that led to a 12-year jail sentence for Malaysia’s former PMr Najib Razak. Ng has pleaded not guilty and his lawyer has said he is a “fall guy” for one of the biggest financial scandals in Wall Street history. The trial in Brooklyn federal court could last up to six weeks.
Presidential candidates in South Korea kicked off their campaigns today in what’s been dubbed “the unlikable election” due to high disapproval ratings of the the two main candidate’s from the…
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