Judge rejects ex-Goldman Exec’s offer to avoid 1MDB trial

By Stewart Bishop (September 10, 2021, 9:20 p.m. EDT) – A federal judge in Brooklyn has rejected an attempt by former Goldman Sachs banker Roger Ng to dismiss criminal charges over an alleged $ 2.7 billion fraud dollars on Malaysian sovereign wealth fund, 1Malaysia Development Bhd. , according to an order released Friday.

Ng, also known as Ng Chong Hwa, is accused of conspiring to break the law on corrupt practices abroad and money laundering conspiracy. Last year, Goldman agreed to pay $ 2.9 billion as part of a deferred prosecution agreement to resolve the U.S. government’s criminal investigation into the bank’s role in the case.

In a 160-page opinion, U.S. District Judge Margo Brodie rebuffed Ng’s arguments for …

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