The only Goldman Sachs banker to go on trial over his role in a major Malaysian fraud scandal has been found guilty. 

Roger Ng, 49, was last night convicted of all three counts in the blockbuster case, and faces up to 30 years behind bars. 

His colleague Tim Leissner, who had pleaded guilty and agreed to be the star witness in the hope of getting a reduced sentence, admitted he had lied and deceived his associates during the plunder of the 1MDB fund. 

1MDB was intended to be used for development in Malaysia, but was robbed of around £3billion. That money was used to buy luxury property, fine art and to finance Martin Scorsese's The Wolf Of Wall Street.

Jho Low, the Malaysian financier who allegedly masterminded the plot, is still on the run. 

The verdict followed an eight-week trial in New York, which saw Leissner claim that he and colleagues - who were supposed to be helping to set up the fund - paid bribes, took kickbacks and lied to banks.

Leissner admitted that he had built a 'house of cards' which was doomed to fail. 

But Ng's lawyers claimed he had been scapegoated for failures at Goldman which allowed the scam to take place and that he had only introduced Low to 'far more involved' colleagues. 

After the verdict, prosecutor Breon Peace said: 'The defendant and his cronies saw 1MDB not as an entity to do good for the people of Malaysia, but as a piggy bank to enrich themselves with piles of money siphoned from the fund.' 

A sentencing date has not yet been set.