Ng’s four charges in Malaysia will be heard by Justices Mohamed Zaini and Muhammad Jamil in separate courts. Outside the court today, reporters had asked Tan if the letter of representation was intended to ask the AGC to drop the charges against Ng. "In connection with the guarantee, Goldman Sachs performed valuation analysis on the relevant assets and believes based on that analysis that the guarantee does not present a significant risk exposure to the firm. "The agreement in principle does not resolve the other pending governmental and regulatory investigations involving the firm relating to 1MDB,” Goldman Sachs said. In May 2020, Ng was extradited to the US to face criminal charges by the US Department of Justice in relation to the 1MDB scandal, according to news reports.

Source: The Edge Markets September 10, 2020 03:11 UTC