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Ex-Goldman Roger Ng's wife was a 'co-conspirator,' US argues

Bloomberg
Bloomberg3/20/2022 04:39 PM GMT+08  • 4 min read
Ex-Goldman Roger Ng's wife was a 'co-conspirator,' US argues
Roger Ng's wife "participated, at a minimum, in a conspiracy to launder criminal proceeds."
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The wife of former Goldman Sachs Group Inc. banker Roger Ng is becoming a key figure in his foreign-bribery trial, as prosecutors argue she helped him launder millions of dollars from the looting of 1MDB.

They want the jury to hear statements that Ng’s wife, Hwee Bin Lim, made to bankers about an account and shell company they say she opened in 2012 -- even as Ng’s lawyers plan to call her as a witness on his behalf. The defense says Lim will testify that US$35.1 million transferred into an account she controlled wasn’t tainted 1MDB money but was for an unrelated business transaction.

Ng, the only Goldman banker to go to trial in the scandal, is accused of conspiring with his former boss Tim Leissner to help financier Jho Low siphon billions of dollars from a trio of bond deals the bank did for the sovereign wealth fund 1Malaysia Development Bhd., or 1MDB. Leissner has pleaded guilty and is cooperating with the government against Ng. Low, who was also charged, is a fugitive.

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