1MDB: Ex-Goldman Malaysia boss convicted April 8, 2022

from World Business Report· ·

The former head of Goldman Sachs in Malaysia has been convicted for helping orchestrate one of the world's biggest corruption scandals. Roger Ng was found guilty on all charges, over the looting of billions of dollars from Malaysia’s 1MDB sovereign wealth fund. FT journalist Stefania Palma, who has been covering the trial, brings us the latest from New York. Plus, the latest on a political scandal that has been brewing in the UK, after it was revealed that the country’s Chancellor of the Exchequer – equivalent to the finance minister – held US residency whilst also serving in one of …



The former head of Goldman Sachs in Malaysia has been convicted for helping orchestrate one of the world's biggest corruption scandals. Roger Ng was found guilty on all charges, over the looting of billions of dollars from Malaysia’s 1MDB sovereign wealth fund. FT journalist Stefania Palma, who has been covering the trial, brings us the latest from New York. Plus, the latest on a political scandal that has been brewing in the UK, after it was revealed that the country’s Chancellor of the Exchequer – equivalent to the finance minister – held US residency whilst also serving in one of the top jobs in British politics. The news came after it had already been revealed that Rishi Sunak’s wife, Indian heiress Akshata Murty, has non-domiciled status, meaning she does not have to pay UK tax on income earned abroad. The BBC’s Business Editor Simon Jack breaks down the story for us. Chris Low, Chief Economist at FHN Financial, talks us through the week’s stock market activity in the United States. And does the accuracy of the US Census depend on the racial background of the respondent? Matt Levin from Marketplace has been investigating.