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Ex-Goldman banker Roger Ng's wife claims US$35 mil was investment gain

Bloomberg
Bloomberg3/29/2022 3:23 PM GMT+08  • 3 min read
Ex-Goldman banker Roger Ng's wife claims US$35 mil was investment gain
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The wife of former Goldman Sachs Group Inc banker Roger Ng denied that US$35 million ($47.6 million) held in an account in her mother’s name was stolen from 1MDB, claiming instead that the money was the return on a legitimate investment.

Prosecutors claim the money was a kickback that Ng, the only Goldman banker to go on trial over 1MDB, received for allegedly conspiring with his former boss Tim Leissner and Malaysian financier Jho Low to loot billions of dollars from the sovereign wealth fund. But Ng’s wife, Hwee Bin Lim, testified on Monday that she invested her parents’ money in businesses controlled by Leissner’s then-wife, Judy Chan Leissner.

“Do you know if the source of that money was from 1MDB?” Ng’s lawyer, Marc Agnifolo, asked Lim during the trial in federal court in Brooklyn, New York.

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