Former Goldman Sachs Banker Seeks to Have 1MDB Charges Dropped

Sept. 10, 2020, 2:33 AM

A former Goldman Sachs Group Inc. banker has sought to have his charges lightened or dropped after Malaysia had withdrawn criminal charges against the U.S bank accused of misleading investors over $6.5 billion in bond sales it helped organize for 1Malaysia Development Bhd. or 1MDB.

The lawyer of banker, Roger Ng, has applied to the Malaysia’s Attorney General to have his charges of abetting Goldman Sachs in the alleged offenses relating to the 1MDB-linked bonds lightened or dropped, according to a court proceeding on Thursday. Ng is in the U.S to face 1MDB-related charges and his next case mention is ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.