Prosecutors say Roger Ng, Goldman's former top investment banker for Malaysia, helped his former boss Tim Leissner embezzle money from the fund and bribe officials to win business for Goldman.
Holding a former prime minister to account could mean a political shakeup and a dragged out court process.
Earlier today, ex-premier Najib Razak was found guilty of all seven corruption charges in his first trial linked to a multi-billion dollar scandal at state fund 1Malaysia Development Berhad.
Claims that Najib and his cronies pilfered massive sums from the fund and spent it on everything from real estate to artwork contributed to the defeat of his long-ruling coalition to a reformist alliance.
The hearing will now begin next Monday to allow time for the completion of a previous trial that revolves around former 1MDB unit SRC International, a Kuala Lumpur High Court judge said.
Goldman Sachs has been under scrutiny for its alleged role in helping to raise funds through bond offerings for 1Malaysia Development Bhd (1MDB).
The Malaysian producer of Hollywood film "The Wolf of Wall Street", Riza Aziz is accused of receiving $248.17 million in 2011 and 2012 in illegal proceeds that originated from the scandal-hit Malaysian fund, 1MDB.
Billions of dollars were looted from the investment vehicle and spent on everything from yachts to expensive artwork, in a fraud allegedly involving disgraced ex-premier Najib Razak and his cronies.
After repeatedly trying to delay his awaiting trial for plundering billions of dollars from the 1MDB wealth fund, Malaysia's ex-PM Najib Razak arrives in court.
The complaints filed on Friday in California involve luxury real estate in London and New York, as well as converted equity in a Kentucky facilities management company.
Criminal charges filed against US investment bank and two of its former bankers in connection with bond offerings with Malaysian officials saying $2.7 billion was dishonestly misappropriated from bond issuances.
Ng Chong Hwa and Tim Leissner collaborated with Low Taek Jho, the mastermind of the scheme, to launder billions of dollars and pay bribes to government officials.
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