Former Goldman Sachs banker Roger Ng will face trial in Malaysia in April for al...
KUALA LUMPUR - Former Goldman Sachs banker Roger Ng will face trial in Malaysia in April for allegedly abetting the sale of $6.5 billion in bonds tied to troubled state fund 1Malaysia Development Berhad , a judicial official said on Wednesday.
Malaysia had temporarily surrendered Ng for 10 months to 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 Group Inc had handled.Malaysia had requested that a trial start in April, as the 10-month period of U.S. custody agreed to by the countries would lapse in March, Deputy Public Prosecutor Zaki Asyraf Zubir told Reuters.
Malaysia has said it was seeking up to $7.5 billion in reparations from Goldman over its dealings with 1MDB, set up in 2009 by the then prime minister, Najib Razak.
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