Second former Goldman banker charged in Malaysia

Malaysian prosecutors on Wednesday charged a second former Goldman Sachs banker in connection with the money laundering scandal at the country’s 1Malaysia Development Berhad (1MDB) state fund, Reuters reported.

The news outlet reported that Roger Ng, who is Malaysian, was charged with four counts of abetting Goldman Sachs to provide misleading statements about the bonds that the bank helped sell for 1MDB.

Ng pleaded not guilty to all of the charges, Reuters reported. The case will be heard in March.

{mosads}“We already have a summons against Goldman Sachs, but because they’re outside Malaysia, it takes time to do the legal process,” Malaysian prosecutor Manoj Kurup told Reuters.

The charges against Ng came days after Reuters reported that the country charged Goldman Sachs employee Tim Leissner. Goldman Sachs has said that the charges are “misdirected.”

The 1MDB money-laundering scandal has implicated a number of Malaysian officials. The U.S. Department of Justice last month announced the first charges in the investigation. The indictment implicated both Ng and Leissner.

The DOJ additionally charged Low Taek Jho, 36, also known as Jho Low, with three counts in connection to the 1Malaysia Development Berhad (1MDB) scheme, which has embroiled multiple Malaysian officials. 

Low also allegedly used money from the funds to pay for real estate, art and to fund the production of movies like “The Wolf of Wall Street.”