In the latest of ex-Goldman banker Roger Ng's trial, Hwee Bin Lim defended her lack of documents for a business venture in China claimed as the real source for a $35 million payment that prosecutors say was obtained from the 1MDB fraud.
Assistant U.S. Attorney Alixandra Smith repeatedly asked Roger Ng’s wife Hwee Bin Lim why she did not keep records or push for documents with regards to a two-page business agreement signed with Tim Leissner’s ex-wife Judy Chan Leissner.
«For investment in China there's no point for you to have documents,« Lim said, according to a «Bloomberg» report. «Where do I go to enforce it?»
«Judy Can Explain»
According to Lim, she and her brother – both lawyers – did not ask questions about the investment with Chan and they were never told about its exact value nor did she have written updates on investment performance.
When pressed further about how Lim’s family funds were transferred to Chan Leissner, Lim told smith that «Judy can explain».
The $35 million in question is being claimed by U.S. prosecutors as payment for Ng’s involvement in the 1MDB fraud while the defendant claims it was a return on investment from a previous business venture between Lim and Chan Leissner, who became close friends at the time.
