Ex-Goldman banker’s 1MDB loot bought US$20,000 hourglass, diamonds, says FBI agent

NEW YORK: An FBI agent told a jury how he traced $35 million siphoned from 1MDB diverted to a Goldman Sachs banker and used to buy a $20,000 gold-plated hourglass and $300,000 in diamond jewelry.

Testifying on Tuesday at the foreign-bribery trial of ex-Goldman Sachs Group Inc banker Roger Ng, Agent Sean Fern said he was able to track the funds prosecutors say Ng got as part of a global scheme to steal billions of dollars from sovereign wealth fund 1Malaysia Development Bhd.