Ex-Goldman banker seeks review of 1MDB charges in Malaysia


© Reuters.

KUALA LUMPUR (Reuters) – Former Goldman Sachs (NYSE:) banker Roger Ng has asked Malaysian prosecutors to review criminal charges against him for allegedly abetting the sale of $6.5 billion in bonds tied to 1Malaysia Development Berhad (1MDB), his lawyer said on Thursday.

The request from Ng, a Malaysian national, comes days after prosecutors dropped criminal charges against Goldman Sachs following a deal which would see the U.S. investment bank pay $3.9 billion to the Malaysian government.

Ng’s lawyer Tan Hock Chuan told a Kuala Lumpur court he had applied to the country’s attorney-general to have four charges against his client lessened or dropped.

“On the instructions of my client, we have sent a letter of representation to the A-G to review the charges against him,” he told reporters after the hearing.

The court proceedings will continue on Nov. 20.

Ng is currently in the United States, where he has been charged for conspiring to launder money and bribe government officials in Malaysia and Abu Dhabi through bond offerings that Goldman Sachs had handled.

Under an extradition deal, Ng will be returned to Malaysia after the completion of his trial in New York, which is due to begin next year.

Ng has pleaded not guilty to the charges in both countries.

The U.S. Department of Justice estimates $4.5 billion was misappropriated from 1MDB between 2009 and 2014, including some of the funds that Goldman Sachs helped raise. The bank has consistently denied wrongdoing.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

READ  What's in a name? Banks count cost of loans in NMC collapse

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

LEAVE A REPLY

Please enter your comment!
Please enter your name here