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Ex-Goldman compliance executive says Ng 'advised caution' with Jho Low

Bloomberg
Bloomberg3/11/2022 09:48 AM GMT+08  • 4 min read
Ex-Goldman compliance executive says Ng 'advised caution' with Jho Low
A compliance panel spent six months trying to vet Jho Low and in the end rejected him as a client in June 2010
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Former Goldman Sachs Group banker Roger Ng recommended Malaysian financier Jho Low as a private client in late 2009, but advised caution, a former compliance officer told a jury.

Patrick Kidney, a prosecution witness in Ng’s bribery trial, said Ng advised Goldman’s compliance department not to accept Low’s claims about the size and source of his wealth “at face value.”

A compliance panel spent six months trying to vet Low and in the end rejected him as a client in June 2010 after internal “red flag” reports were issued.

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