KUALA LUMPUR: Former Goldman Sachs banker Roger Ng was charged today with abetting the US-based investment bank to omit information in the 1Malaysia Development Bhd (1MDB) sale of notes worth of RM6.5 billion in bonds.
Ng, clad in a blue shirt was calm when he was brought into the Sessions Court by several policemen and led to the dock.
The 46-year-old banker nodded in understanding when the charges were read to him before Judge Datuk Ahmad Kamal Arifin Ismail.
Ng was charged with one count of omitting statements in a 1MDB private placement memorandum, and two counts omitting statements in offering circulars between May 2012 and March 2013.
Among the information omitted was that Low Taek Jho or Jho Low was the operator and key intermediary for 1MDB, which was the parent company of 1MDB Energy Limited.
Ng faced a fourth charge of making false statements of material fact in the offering circular on March 16, 2013.
He allegedly committed the four offences at 1MDB, Level 8, Menara IMC, No. 8, Jalan Sultan Ismail here between March 19, 2012 and Nov 11, 2013.
The offences fall under Section 370(c) of the Capital Markets and Services Act 2007 read together with subsection 179(c) of the Act, punishable under Section 182 of the same Act.
Deputy public prosecutor Manoj Kurup suggested RM1 million bail with two sureties for all charges.
However, counsel Datuk Tan Hock Chuan pleaded for minimum bail of RM600,000 for all the charges.
The court set RM1 million bail with two sureties and asked the accused to surrender his passport to the court.
Ahmad Kamal fixed March 18 for mention.