Former Goldman Sachs Group Inc banker Roger Ng pleaded not guilty to criminal charges linked to a multibillion-dollar scandal at the Malaysian state investment fund 1MDB, in an appearance at federal court in New York yesterday .
His lawyer, Marc Agnifilo, said he convinced Ng to"come to the US and face the music" because it was evident prosecutors were not going to drop the case, and his client had become very ill. Ng appears to have lost weight, based on photos of him before his arrest. Prosecutors and Ng's lawyer are trying to negotiate a plea bargain. Government lawyers said they hope to avoid a trial by reaching a deal, though Agnifilo said it was too early to tell.
The 1MDB case has shaken Goldman Sachs, which is also being probed by the Justice Department for its role as underwriter and arranger for some US$6.5 billion worth of 1MDB bond offerings. Ng was charged in Kuala Lumpur with four counts of abetting the bank to provide misleading statements in the offering prospectus for 1MDB bond sales.
“It’s troubling that the Malaysian regime is attempting to tout its cooperation and relationship with the US when it shares no common ground on basic human and legal rights and when it is led by a self-proclaimed anti-Semite.
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