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,Former Goldman Sachs banker involved in corruption charges related to 1Malaysia Development Bhd will face sentencing in the United States for another case. – The Malaysian Insight file pic, June 20, 2022.

THE case involving former Goldman Sachs banker Roger Ng Chong Hwa Kes involving the sale of security notes and bonds valued at US$6.5 billion (RM28.6 billion) belonging to a subsidiary of 1Malaysia Development Bhd (1MDB) at the Kuala Lumpur High Court has been postponed pending sentencing of his criminal case in the United States on September 13.

On April 8, Ng was found guilty by the US court of corruption charges related to his role in helping loot hundreds of millions of dollars from Malaysia’s 1MDB fund.

Deputy public prosecutor Zaki Asyraf Zubir had earlier told the court that Ng’s criminal case in the US had been concluded and that sentencing is on September 13.

“The US Department of Justice had applied for temporary extradition of Ng to New York until the end of August. I’m sure that it will apply for an extension of the temporary extradition as the sentencing is in September. 

“As such, I hereby request a date of mention on October 18 or 19 to inform the court on the latest status of the accused in the US,” he said during case management today. 

Ng’s lawyer Tan Hock Chuan confirmed the date of sentencing and also told the court that his client has filed an appeal against the US court’s decision. 

“Therefore, I agree with the prosecution’s application for the new date of mention,” he said.

Judge Muhammad Jamil Hussin then set October 19 for the prosecution and defence to inform the court of the accused’s latest status.

On December 19, 2018, Ng pleaded not guilty to four charges of abetting 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 the offences, which took place at the 1MDB office on the eighth floor of Menara IMC, No 8, Jalan Sultan Ismail, Kuala Lumpur, between March 19, 2012, and November 11, 2013.

On September 4 last year, the charges against Goldman Sachs International Ltd and its two entities in Asia, namely, 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 valued at US$$6.5 billion. – Bernama, June 20, 2022.

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