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Posts tagged as “1MDB”

Michigan Man Charged with Aggravated Assault After Allegedly Hitting Grocery Store Clerk with Frozen Fish

MD Jobul Hussain has been charged with one count of misdemeanor aggravated assault after allegedly hitting a grocery store clerk with a frozen fish in Warren, Michigan. The Macomb County Prosecuting Attorney's Office has stated that the suspect became upset that the store had closed its fish counter due to Ramadan. Hussain is currently awaiting trial and faces up to one year in jail if convicted.

Former Goldman Sachs Banker Roger Ng Sentenced to 10 Years in Prison for Role in 1MDB Looting Scandal

Roger Ng, a former Goldman Sachs banker, was sentenced to 10 years in prison on Thursday for his role in the embezzlement, laundering, and bribery of Malaysia's 1MDB sovereign wealth fund. The charges stem from $6.5 billion in bonds that Goldman Sachs helped 1MDB sell, of which $4.5 billion was embezzled and used to finance luxury items. Ng denied the charges, but the court's sentence stands as a reminder of the consequences of financial fraud and corruption.

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