NEW YORK: The trial of former Goldman Sachs banker Roger Ng, who is accused of helping loot Malaysia’s 1MDB sovereign wealth fund, will be paused due to late disclosure of some evidence by prosecutors to the defence, the judge in the case ruled.

       The evidence, in the form of 15,500 documents, is related to Tim Leissner, Ng’s former boss and the star witness in the trial.

       Ng, Goldman’s former head of investment banking in Malaysia, has pleaded not guilty to charges of conspiring to launder money and to violate an anti-bribery law.In the dock: Ng has pleaded not guilty to charges of conspiring to launder money and to violate an anti-bribery law.

       Prosecutors said Ng received millions of dollars in kickbacks for helping embezzle funds from 1MDB.

       Prosecutors said in a court filing – more than a week after opening statements in Ng’s trial began – that they had just learned that one US Department of Justice (DOJ) division did not share with them or Ng the documents related to Leissner.

       “The government absolutely, absolutely, and admittedly at this point did not live up to its obligations,” Marc Agnifilo, a defence attorney for Ng, told US district judge Margo Brodie in Brooklyn federal court outside the jury’s presence.

       “Evidence is coming in drips and drabs.” Agnifilo said the documents could be critical for the defence.

       Brodie called the late disclosure “troubling”, noting that she had previously asked prosecutors to make sure all disclosures were made.

       Leissner, who pleaded guilty to similar charges in 2018, is testifying against Ng, 49, as the government’s star witness.

       Brodie said she would allow prosecutors to finish questioning Leissner, then pause the trial before cross-examination to give Agnifilo time to review the new documents.

       “I will give you as much time as you need,” Brodie said, although she noted that the trial could not be delayed indefinitely.

       Agnifilo argues that the US$35mil (RM147mil) which Ng received, that the government calls ill-gotten gains, was actually derived from an unrelated business venture between Ng’s wife and Leissner’s ex-wife.

       Assistant US Attorney Alixandra Smith said the delayed disclosure was an “inexcusable error” and did not object to pausing the trial.

       The trial stems from one of the biggest financial scandals in history.

       Between 2009 and 2014, Goldman reaped some US$600mil (RM2.5bil) in fees for helping 1MDB sell US$6.5bil (RM27.3bil) in bonds, but around US$4.5bil (RM18.9bil) of that was diverted, and Goldman bankers bribed officials to win business for the bank, US prosecutors said.

       In 2020, Goldman paid a nearly US$3bil (RM12.6bil) fine and arranged for its Malaysian unit to plead guilty in US court. — Reuters