A federal judge in Manhattan Thursday rebuffed government efforts to prevent the Macau billionaire charged in a United Nations bribery scheme from being released to a $4 million apartment where he will pay private guards to watch him.
U.S. District Judge Vernon Broderick approved the ruling made by a magistrate last week, paving the way for Chinese real estate mogul Ng Lap Seng to be released to what prosecutors call a "private jail" next week.
Ng will pay roughly $35,000 a week for a security firm with law enforcement ties, Guide Post, to guard him. Ng also is required to post $20 million on a $50 million bond and be outfitted with electronic monitoring.
He is accused of paying off a former president of the UN General Assembly from Antigua and an official from the Dominican Republic to win UN support for a Macau development. He also is accused of bringing millions in cash into the United States illegally.
All the defendants were indicted this week and pleaded not guilty Thursday.