Ex-Goldman Sachs banker Ng pleads not guilty to 1MDB charges | Malay Mail

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Ex-Goldman Sachs banker Ng pleads not guilty to 1MDB charges

Ex-Goldman Sachs banker Roger Ng and his lawyer Marc Agnifilo leave the federal court in New York May 6, 2019. — Reuters pic

US Magistrate Judge Peggy Kuo, of US District Court in Brooklyn, New York, allowed Ng, a Philippines citizen, to be released in exchange for a US$20 million bond. He was fitted for an ankle bracelet, and will be staying at an undisclosed location in the New York City area that the court approved. Ng, who left Goldman Sachs in 2014, faces up to 30 years in prison if he is convicted of the three charges against him in the United States, based on alleged violations of the Foreign Corrupt Practices Act.

“The period of temporary surrender may be extended upon mutual agreement by Malaysia and the US,” Thomas added. Goldman Sachs has consistently denied wrongdoing and said certain members of the former Malaysian government and 1MDB lied to it about how the bond proceeds would be used.

Source: News Formal (newsformal.com)

 

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