A US judge yesterday said a former Goldman Sachs banker charged in the 1 Malaysia Development Bhd (1MDB) Malaysian sovereign wealth fund scandal will be tried in early February, expressing confidence the Omicron coronavirus variant will not upend the trial.
Chief Judge Margo Brodie of the federal court in Brooklyn delayed jury selection for Roger Ng by three weeks to Feb 7, with a trial beginning the following week. Jury selection had been set for Jan 18.
Ng, the former head of investment banking for Goldman Sachs Malaysia, has pleaded not guilty to conspiring to violate an anti-bribery law and launder money.
His former employer agreed in October 2020 to pay US$2.9 bil and have a Malaysian unit admit criminal wrongdoing to settle probes by the US Department of Justice and others into the alleged looting of billions of dollars from 1MDB.
Prosecutors sought to delay Ng’s trial until late February, saying Omicron could cause disruptions and prevent travel by government witnesses from Hong Kong, Singapore and the UK.
But the judge said trials are taking place in Brooklyn, and a short delay should suffice based on expectations of the court’s epidemiologist.
“It will be a little easier for us to get a decent jury pool because, according to the epidemiologist, that the virus will peak in January, then I think we’ll be on the down end of it,” Brodie said.
Ex-Goldman Sachs banker Roger Ng and his lawyer Marc Agnifilo leave the federal court in New York.
Lawyers for Ng had opposed delaying the trial, saying he was ready to proceed after spending more than three years away from his family since his November 2018 arrest in Malaysia. Ng was extradited six months later.
“He’s spent every one of the last 1,000 days getting ready for this trial, and that’s what he’s going to do until this trial is over,” Ng’s lawyer Marc Agnifilo told Brodie, before accepting the three-week delay.
Former Malaysian Prime Minister Najib Razak launched 1MDB promote economic development.
Goldman helped sell US$6.5 bil of bonds for 1MDB, and authorities said its bankers paid more than US$1.6 bil in bribes for 1MDB business. – Jan 8, 2022
Photo credit: CNBC
