Former Goldman Sachs banker Roger Ng will face trial in Malaysia next April for allegedly abetting the sale of $6.5 billion in bonds linked with 1MDB.
Prosecutors have requested for trial in April 2020, according to a «Reuter» report citing a text message from deputy public prosecutor Zaki Asyraf Zubir.
Malaysia had temporarily surrendered Ng to U.S. custody for 10 months to face charges for conspiring to launder money and bribe government officials in Malaysia and Abu Dhabi. This custody period agreed by both the U.S. and Malaysia will end in March next year.
Ng had pleaded not guilty to the charges in the U.S. and Malaysia.
Prosecutors have claimed that Goldman Sachs generated 1MDB-linked fees totaling $600 million, including through three bond sales in 2012 and 2013 that raised $6.5 billion. Revenue linked with these issuances is believed to have translated to bonuses for Ng and other Goldman executives such as former partner, Tim Leissner.
