Malaysia

US seeks testimony about ex-Goldman banker Roger Ng’s ‘cover story’

Star witness and former superior Tim Leissner claims they used wives to hide 1MDB kickbacks

Updated 4 years ago · Published on 01 Mar 2022 4:18PM

US seeks testimony about ex-Goldman banker Roger Ng’s ‘cover story’
US prosecutors say Roger Ng’s (pic) wife Lim Hwee Bin had pushed for the cover story to explain why Hong Kong businesswoman and Tim Leissner’s former wife Judy Chan had sent money to an account controlled by her, adding that Leissner could testify that Ng – who is now on trial – and his wife had then decided on the next course of action. – AFP pic, March 1, 2022

KUALA LUMPUR – The questioning of disgraced Goldman Sachs banker Tim Leissner in the ongoing controversial 1MDB trial may end with him divulging details of a meeting held between him, former subordinate Roger Ng and their wives with a “feng shui master” after mounting worries over their cover being blown.  

According to Bloomberg, US prosecutors are claiming that the government’s star witness can describe a 2016 meeting held after questions were raised in a series of published news articles about the role played by Goldman bankers in the 1MDB scandal. 

In a court filing on Monday, prosecutors said that Leissner could testify that the meeting with the “feng shui master” – which involved Leissner, his former wife Judy Chan, Ng, and Ng’s wife Lim Hwee Bin – was followed by Lim insisting on the group coming up with a “cover story”. 

Prosecutors said that Lim had pushed for the cover story to explain why Hong Kong businesswoman Chan had sent money to an account controlled by her, adding that Leissner could testify that Ng – who is now on trial – and his wife had then decided on the next course of action. 

“Ng and his wife decided that the best story would be to say that the defendant had previously invested in Chan’s real estate business. 

“Leissner will also testify that Ng and his wife would fabricate a story about the origins of the investment,” Bloomberg quoted prosecutors as saying. 

Prosecutors are attempting to persuade the judge to allow the testimony, even though Lim’s statements occurred after the supposed conspiracy ended. 

“They (Lim’s statements) are relevant and could refute (Ng’s lawyer Marc) Agnifilo’s claims that the transfer of funds was legitimate,” prosecutors said.

Prosecutors added that Leissner’s testimony will note that after Ng was arrested in Singapore in 2017, Ng’s wife had called Leissner “in a panic” and called for a “common story” about the transfer of the money. 

She had also allegedly said that Ng had disclosed to investigators “nothing else about them” and “downplayed the current contract” between her husband and Leissner. 

Bloomberg reported that Agnifilo, however, has argued the money Ng received was a transfer from an account controlled by Chan to Lim for a legitimate separate business transaction between the two wives.

The news channel added that while Agnifilo didn’t immediately return an email seeking comment, he has said that Lim will testify about the transaction as part of her husband’s defence.

Ng is accused of conspiring to bribe officials in Malaysia and Abu Dhabi from 1MDB bond deals.

Prosecutors assert that the purported mastermind of the scheme, fugitive businessman Low Taek Jho, paid Leissner more than US$60 million (RM251.83 million) in kickbacks while Ng got US$35 million.

Leissner had previously revealed that he was married to two women simultaneously – one being American model Kimora Lee Simmons and the other being Chan.

He said to marry Simmons, he provided a fake divorce decree in 2014, and a similar modus operandi when he wanted to marry Chan in 2000.

While he admitted that Simmons knew about the forged documents, Chan did not.

Meanwhile, Leissner had revealed to the US court on February 23 his alleged affair with former Astro Malaysia Holdings Bhd CEO Datuk Rohana Rozlan, and how she allegedly blackmailed him for a US$10 million home in London.

Bloomberg reported that the pair had a relationship between 2003 to 2013, when Leissner called it off so he could be with Simmons. – The Vibes, March 1, 2022

Related News

Malaysia / 10h

Najib fails to secure stay of 15-year jail term, RM11.38b fine in 1MDB case

Malaysia / 1mth

‘We need more healthcare professionals, not corrupt politicians’ (video)

Malaysia / 1mth

Anwar surprised by Najib's new pardon attempt

Malaysia / 2mth

Najib raises objections to 80% of ex-1MDB CEO’s witness statement over hearsay

Malaysia / 2mth

US$620 million returned, not to Najib's account - Angela

Malaysia / 2mth

1MDB audit did not cover Najib’s personal accounts, court told

Spotlight

Malaysia

Man kidnapped, tortured, and killed following misunderstanding

Malaysia

'I will never forget taxi drivers who backed me in my hardest times' - PM Anwar

Malaysia

Najib fails to secure stay of 15-year jail term, RM11.38b fine in 1MDB case

Malaysia

Ivana Smit’s mother considers Federal Court appeal after RM1.1m award overturned

Education

Schools in Negeri Sembilan, Melaka to reopen tomorrow as haze conditions improve

Malaysia

Zara Qairina inquest: Investigating officer says final findings showed no suspicious circumstances

Malaysia

Man jailed 8½ years for abusing three-year-old boy, forcing the child to eat faeces

World

Pope Leo XIV diagnosed with lung cancer after successful surgery

Malaysia

More than 3,000 Myanmar refugees set for repatriation after Malaysia secures breakthrough

You may be interested

Malaysia

Penang Exco: More effort needed to identify, treat mental health and depression cases

By Ian McIntyre

Malaysia

Jelebu chieftain’s installation takes place at Istana Besar Seri Menanti today

By Alfian Z.M. Tahir

Malaysia

Malaysia’s K-shaped economy: Growth without shared prosperity?

Malaysia

'I will never forget taxi drivers who backed me in my hardest times' - PM Anwar

Malaysia

Haze: Schools in Johor, Melaka, and Negeri Sembilan to close tomorrow

Malaysia

Govt challenges US excess-capacity concerns as 100% chip tariff threat looms

Malaysia

MCMC probes viral video over allegedly misleading Budget 2027 tax claims

Malaysia

Man kidnapped, tortured, and killed following misunderstanding