Ng had pleaded not guilty to conspiracy and money-laundering under US foreign anti-corruption laws. Ng’s lawyers had claimed that Leissner, a cooperating government witness who pleaded guilty to similar charges in 2018, had falsely implicated him. The charges against both men stemmed from a scheme in which Goldman helped 1MDB raise $6.5bn through three bond sales. Ng is the first and probably only person to face trial in the United States over the scheme. Goldman in 2020 paid nearly $3bn in fines, and its Malaysian unit agreed to plead guilty.

Source: The Guardian April 08, 2022 17:20 UTC