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Ex-Goldman Banker’s Wife Created Shell Entity After 1MDB Deal

  • U.S. argues account and shell company helped launder kickbacks
  • Jho Low paid ex-banker $35.1 million, prosecutors say
Roger Ng on Feb. 16.
Roger Ng on Feb. 16.Photographer: Jeenah Moon/Bloomberg

Former Goldman Sachs Group Inc banker Roger Ng’s wife created a shell company and opened a bank account that prosecutors say she used to help launder tens of millions of dollars in illegal kickbacks from Malaysian financier Jho Low.

Jurors at Ng’s bribery trial were shown a raft of emails Monday that the U.S. said is proof Ng’s wife, Hwee Bin Lim, “played a central and crucial role” in helping her husband launder the illicit payments from a trio of bond deals the Goldman Sachs engineered for the sovereign wealth fund 1Malaysia Development Bhd., or 1MDB. Lim wasn’t charged.