{"id":426613,"date":"2022-04-05T00:56:36","date_gmt":"2022-04-04T21:56:36","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/closing-arguments-heard-in-ex-goldman-banker-roger-ng-trial\/"},"modified":"2022-04-05T00:56:36","modified_gmt":"2022-04-04T21:56:36","slug":"closing-arguments-heard-in-ex-goldman-banker-roger-ng-trial","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/closing-arguments-heard-in-ex-goldman-banker-roger-ng-trial\/","title":{"rendered":"#Closing arguments heard in ex-Goldman banker Roger Ng trial"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3c33ea9ae85\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3c33ea9ae85\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/closing-arguments-heard-in-ex-goldman-banker-roger-ng-trial\/#%E2%80%9CClosing_arguments_heard_in_ex-Goldman_banker_Roger_Ng_trial%E2%80%9D\" >&#8220;Closing arguments heard in ex-Goldman banker Roger Ng trial&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CClosing_arguments_heard_in_ex-Goldman_banker_Roger_Ng_trial%E2%80%9D\"><\/span>&#8220;Closing arguments heard in ex-Goldman banker Roger Ng trial&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>A former Goldman Sachs\u00a0banker should be convicted of helping loot billions of dollars from Malaysia\u2019s 1MDB sovereign wealth fund and causing \u201cimmeasurable\u201d harm, a US prosecutor told jurors in her closing argument on Monday.<\/p>\n<p>But a lawyer for the defendant Roger Ng, Goldman\u2019s former top investment banker for Malaysia, countered that Ng had been falsely implicated in the looting by his former boss Tim Leissner, the government\u2019s star witness.<\/p>\n<p>Ng, 49, has pleaded not guilty to conspiring to launder money and violating an anti-corruption law.<\/p>\n<p>Prosecutors said he helped Leissner embezzle hundreds of millions of dollars, launder the proceeds and bribe officials to win business for Goldman.<\/p>\n<p>Assistant US Attorney Alixandra Smith said Ng received more than $35 million in kickbacks from the \u201cbrazen\u201d bribery and money laundering scheme, and must be held accountable.<\/p>\n<p>\u201cThe harm to the people of Malaysia is immeasurable,\u201d she told. \u201cIt is deeply unfair to everyone else who plays by the rules.\u201d<\/p>\n<p>Ng\u2019s lawyer Marc Agnifilo said during his closing argument that there was \u201cno evidence\u201d his client was guilty.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"749\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/1mdb-trial-closing-03.jpg?w=1024\" alt=\"Russell Simmons, Shannon Elizabeth, Kimora Lee Simmons, and Tim Leissner in 2014.\" class=\"wp-image-21778270\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/1mdb-trial-closing-03.jpg?quality=75&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/1mdb-trial-closing-03.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/1mdb-trial-closing-03.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Russell Simmons, Shannon Elizabeth, Kimora Lee Simmons, and Tim Leissner in 2014.<\/figcaption><figcaption><span class=\"credit\">Getty Images for The Weinstein Company<\/span><\/figcaption><\/figure>\n<p>Agnifilo instead blamed Leissner, 52, who pleaded guilty to similar charges as Ng, and who the defense believes cooperated with prosecutors in the hope of getting a lighter sentence.<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>\u201cHe never stopped lying ever, and he didn\u2019t stop lying in this courtroom,\u201d Agnifilo said, referring to Leissner.<\/p>\n<p>The nearly two-month trial stemmed from one of the biggest financial scandals in history.<\/p>\n<p>Prosecutors have said Goldman helped 1MDB raise $6.5 billion through three bond sales, but that $4.5 billion was diverted to government officials, bankers and their associates through bribes and kickbacks.<\/p>\n<p>Ng is the first, and likely only, person to face trial in the United States over the scheme. Goldman in 2020 paid a nearly $3 billion fine and its Malaysian unit agreed to plead guilty.<\/p>\n<p>Agnifilo has said Ng introduced Leissner to Malaysian financier Jho Low, the scheme\u2019s suspected mastermind. He remains at large.<\/p>\n<p>Smith acknowledged that Leissner was seeking leniency by testifying, but said other testimony backed up his story.<\/p>\n<p>\u201cWhat he told you about the crimes he committed with the defendant and others is backed up by and consistent with other evidence,\u201d Smith said. \u201cYou already know the defendant is guilty from the other evidence.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"683\" height=\"1024\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/1mdb-trial-closing-01.jpg?w=683\" alt=\"Roger Ng\" class=\"wp-image-21778277\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/1mdb-trial-closing-01.jpg?quality=75&amp;strip=all&amp;w=1366 1366w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/1mdb-trial-closing-01.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/1mdb-trial-closing-01.jpg?quality=75&amp;strip=all&amp;w=683 683w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/1mdb-trial-closing-01.jpg?quality=75&amp;strip=all&amp;w=341 341w\" sizes=\"auto, (max-width: 683px) 100vw, 683px\"\/><figcaption>The nearly two-month trial stemmed from one of the biggest financial scandals in history.<\/figcaption><figcaption><span class=\"credit\">AP<\/span><\/figcaption><\/figure>\n<p>Leissner testified that he sent Ng $35 million in kickbacks with the men agreeing to tell banks processing the transfers a \u201ccover story\u201d that the money was from a legitimate business venture between their wives.\u00a0read more<\/p>\n<p>Ng\u2019s wife, Hwee Bin Lim, testified last week that she invested $6 million in the mid-2000s in a Chinese company owned by the family of Leissner\u2019s then-wife, Judy Chan.<\/p>\n<p>She said the $35 million in alleged kickbacks to her husband were in fact her return on that investment.\u00a0<\/p>\n<p>Low was indicted in 2018 alongside Ng. Malaysian authorities say Low is in China, which Beijing denies.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/04\/04\/closing-arguments-heard-in-ex-goldman-banker-roger-ng-trial\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Closing arguments heard in ex-Goldman banker Roger Ng trial&#8221; A former Goldman Sachs\u00a0banker should be convicted of helping loot billions of dollars from Malaysia\u2019s 1MDB sovereign wealth fund and causing \u201cimmeasurable\u201d harm, a US prosecutor told jurors in her closing argument on Monday. But a lawyer for the defendant Roger Ng, Goldman\u2019s former top investment&#8230;<\/p>\n","protected":false},"author":1,"featured_media":426614,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/1mdb-trial-closing-99.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[127543,71939,94302,70790,48925,125859,76162,70360],"class_list":["post-426613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-4-4-22","tag-banks","tag-embezzling","tag-goldman-sachs","tag-malaysia","tag-tim-leissner","tag-trials","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/426613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=426613"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/426613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/426614"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=426613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=426613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=426613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}