Home News 1MDB Watch

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

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."
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.