Monday, August 2, 2021

Ex-Goldman Sachs officer Ng to return to face 1MDB charges in Malaysia

He is expected to return to the country from the US after June 1.

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Former Goldman Sachs officer Roger Ng Chong Hwa who was extradited to New York will be returning to Malaysia after June 1 to face charges of abetting the company on the sale of securities notes and bonds valued at US$6.5 billion belonging to a subsidiary of 1MDB.

The matter was announced by deputy public prosecutor Norinna Bahadun during case management before High Court judge Muhammad Jamil Hussin today.

“The accused is still in New York and the US Department of Justice (DoJ) said that Ng would be returning to Malaysia after June 1.

“The prosecution will consider making amendments to the charges faced by the accused,” said Norinna who also sought a date for remention of the case.

Ng, 48, has been in New York since being extradited to face charges by the DoJ over the 1MDB scandal in May 2019.

Counsel Tan Hock Chuan, representing Ng, told the court that the trial date of his client in the US has yet to be fixed.

“I was informed that the hearing will start at the earliest at the end of June or July. This is because courts in US were closed after Oct 1 last year, and have only resumed recently. I believe old cases will be coming up first,” he said.

The court set June 15 for remention of the case.

On Dec 19, 2018, Ng pleaded not guilty to four charges of abetting with Goldman Sachs over the sale of 1MDB bonds valued at US$6.5 billion by dropping material facts and making false statements.

He was charged with committing the offences at the 1MDB office on the 8th Floor of Menara IMC, No 8, Jalan Sultan Ismail in Kuala Lumpur between March 19, 2012 and Nov 11, 2013.

On Sept 4 last year, the charges against Goldman Sach International Ltd and its two entities in Asia, Goldman Sachs (Asia) LLC and Goldman Sachs (Singapore), were dropped after High Court judge Mohamed Zaini Mazlan allowed the prosecution’s application to withdraw the charges over the sale of 1MDB bonds.

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