Ex-Goldman banker Ng's wife says S$47.6 million in account was investment gain

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NEW YORK - The wife of former Goldman Sachs Group banker Roger Ng denied that US$35 million held in an account in her mother's name was stolen from 1MDB, claiming instead that the money was the retu

NEW YORK - The wife of former Goldman Sachs Group banker Roger Ng denied that US$35 million held in an account in her mother's name was stolen from 1MDB, claiming instead that the money was the return on a legitimate investment.

"Do you know if the source of that money was from 1MDB?" Ng's lawyer, Marc Agnifolo, asked Lim during the trial in federal court in Brooklyn, New York. former chief executive officer of media company Astro Malaysia Holdings, which Lim and Ng had known about.More On This Topic"Judy called me and she went ballistic over Tim's relationship with Rohana," Lim said."She said, 'It's time you should think about divestment.'"

Her brother set up an account for the money at UBS Group in Singapore and an offshore entity, both in their mother's name, in May 2012, Lim said.Prosecutors have noted that was also the same month the first bond offering Goldman handled for 1MDB closed.

 

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