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NEW YORK, April 8 (Reuters) – A U.S. jury resumed deliberations on Friday in the trial of a former Goldman Sachs (GS.N) banker accused of assisting loot billions of pounds from Malaysia’s 1MDB sovereign prosperity fund.

Prosecutors say Roger Ng, Goldman Sachs Group Inc’s former top rated investment decision banker for Malaysia, served his then-manager Tim Leissner embezzle revenue from the fund — which was launched to go after progress initiatives in the Southeast Asian country — launder the proceeds and bribe officers to win enterprise for Goldman.

Ng, 49, has pleaded not responsible to conspiring to launder funds and violating an anti-corruption regulation. His attorneys say Leissner, who pleaded responsible to comparable prices in 2018 and agreed to cooperate with prosecutors’ investigation, falsely implicated Ng in the hopes of acquiring a lenient sentence.

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The costs stemmed from one particular of the major money scandals in record.

Prosecutors have stated Goldman aided 1MDB raise $6.5 billion through 3 bond sales, but that $4.5 billion was diverted to authorities officials, bankers and their associates through bribes and kickbacks involving 2009 and 2015.

Ng is the initially, and likely only, human being to encounter demo in the United States over the scheme. Goldman in 2020 compensated a just about $3 billion wonderful and its Malaysian unit agreed to plead responsible.

Deliberations commenced on Tuesday just after a just about two-month demo in federal court docket in Brooklyn.

Jurors heard nine times of testimony from Leissner, who said he sent Ng $35 million in kickbacks. Leissner reported the adult men agreed to notify banking institutions a “cover tale” that the funds was from a reputable business enterprise involving their wives.

Ng’s spouse, Hwee Bin Lim, later on testified for the protection that the small business enterprise was, in truth, authentic. She said she invested $6 million in the mid-2000s in a Chinese corporation owned by the relatives of Leissner’s then-spouse, Judy Chan, and that the $35 million was her return on that financial commitment.

Ng’s attorney, Marc Agnifilo, reported in his closing argument on Monday that Leissner could not be trustworthy. A prosecutor, Alixandra Smith, said in her summation that Leissner’s testimony was backed up by other proof.

Jho Minimal, a Malaysian financier and suspected mastermind of the plan, was indicted along with Ng in 2018 but remains at massive.

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Reporting by Luc Cohen in New York modifying by Jonathan Oatis

Our Specifications: The Thomson Reuters Rely on Principles.

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