Malaysia

Ex-Goldman Sachs banker to return from NY June 1 to face charges

Roger Ng was extradited to US in May 2019 over DoJ charges linked to 1MDB scandal

Updated 5 years ago · Published on 16 Mar 2021 12:38PM

Ex-Goldman Sachs banker to return from NY June 1 to face charges
Former Goldman Sachs officer Roger Ng is still in New York after being extradited to face charges brought by the US DoJ over the 1MDB scandal. – Social media pic, March 16, 2021

KUALA LUMPUR – Former Goldman Sachs officer Roger Ng, who was extradited to New York, will return to Malaysia after June 1 to face charges of abetting with the company on the sale of securities notes and bonds valued at US$6.5 billion belonging to a 1Malaysia Development Bhd (1MDB) subsidiary.

This was announced by deputy public prosecutor Norinna Bahadun during case management before high court judge Datuk Muhammad Jamil Hussin today.

“The accused is still in New York and the US Justice Department (DoJ) said that Ng will return 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, was extradited to face charges brought by the US DoJ over the 1MDB scandal. Ng was extradited to the US in May 2019.

Counsel Datuk 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 have been closed since October 1 last year, and have only resumed recently. I believe old cases will come up first," he said.

The court set June 15 for remention of the case.

On December 19, 2018, Ng pleaded not guilty to four charges of abetting Goldman Sachs on the sale of 1MDB bonds valued at US$6.5 billion by dropping material facts and making false statements. – Bernama, March 16, 2021

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