Sunday, May 26

Ex-Goldman Sachs’ banker Roger Ng claims trial to four 1MDB-related charges


The Goldman Sachs logo is pictured above a trader on the floor of the New York Stock Exchange shortly after the opening bell in the Manhattan borough of New York. AFP File Photo

KUALA LUMPUR: Former Goldman Sachs banker Roger Ng Chong Hwa was charged at the Sessions Court here today on four counts of abetting Goldman Sachs pertaining to the sale of guaranteed notes and bonds belonging to a 1Malaysia Development Berhad (1MDB) subsidiary amounting to US$6.5 billion by omitting material facts and making false statements.

However, Ng, 46, pleaded not guilty to all the charges that were read out to him before Judge Datuk Ahmad Kamal Arifin Ismail.

The court allowed Ng bail at RM1 million in two sureties for all  the charges and ordered him to surrender his passport to the court and fixed March 18, 2019 for mention.

Deputy public prosecutor Manoj Kurup had urged the court to set bail at RM1 million bail in two sureties for all  the charges while Ng, represented by Datuk Tan Hock Chuan,  sought a lower bail, at RM600,000.

“I have no objection about my client handing over his passport to the court,” Tan said to which Manoj replied: “This is not an ordinary case.” – Bernama