Court sets Sept 4 for updates on ex-banker’s US case

Court sets Sept 4 for updates on ex-banker’s US case

Judge Mohamed Zaini Mazlan also maintains the trial dates previously fixed from Nov 9 to 13 this year.

Former Goldman Sachs banker Roger Ng is accused of abetting the bank in the sale of guaranteed notes and bonds belonging to a subsidiary of 1MDB worth US$6.5 billion. (Bloomberg pic)
KUALA LUMPUR:
The High Court here today fixed Sept 4 for further case management to obtain the latest developments on the status of the criminal charges against former Goldman Sachs banker Roger Ng in the US.

Judge Mohamed Zaini Mazlan also maintained the trial dates previously fixed from Nov 9 to 13 this year.

Ng, 47, faces four counts of abetting Goldman Sachs in the sale of guaranteed notes and bonds belonging to a subsidiary of 1MDB worth US$6.5 billion.

Roger Ng

Earlier, Ng’s counsel Tan Hock Chuan said he was informed that a case management date had been fixed in July for Ng’s case at the US District Court in the eastern district of New York.

However, he said he was not involved in his client’s case in the US.

“I do not intend to attend the trial (in the US). There is a case management there in July and then the court in New York will fix the trial dates.

“When I know, I can inform, but the Attorney-General’s Chambers is in a better position to update because they are in touch with the US Department of Justice (DoJ),” he said.

Deputy public prosecutor Zaki Asyraf Zubir appeared for the prosecution.

On Dec 19, 2018, Ng was charged at the Sessions Court here with four counts of abetting Goldman Sachs in the sale of guaranteed notes and bonds belonging to a 1MDB subsidiary amounting to US$6.5 billion by omitting material facts and making false statements.

He was alleged to have committed the offences at the 1MDB office at Level 8, Menara IMC, No. 8, Jalan Sultan Ismail here between March 19, 2012 and Nov 11, 2013.

He was charged under Subsection 370(c) of the Capital Markets and Services Act 2007 which provides for up to 10 years’ imprisonment and a fine not less than RM1 million upon conviction.

Ng pleaded not guilty to all the charges.

In May last year, he was extradited to the US to face criminal charges by the DoJ in relation to the 1MDB scandal.

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