Former Goldman banker Roger Ng to be returned to Malaysia in 1MDB case
Sign up now: Get ST's newsletters delivered to your inbox
Former Goldman Sachs banker Roger Ng (left) will be required to begin his prison term upon his return to the United States, after facing charges in Malaysia, said US prosecutors.
PHOTO: REUTERS
Follow topic:
NEW YORK – Former Goldman Sachs banker Roger Ng, facing 10 years in prison after being convicted in New York of helping to loot billions of dollars from Malaysia’s 1Malaysia Development Berhad (1MDB) sovereign wealth fund
Chief United States District Judge Margo Brodie in Brooklyn on Thursday ordered Ng’s surrender to the US Marshals Service by Friday so he could be turned over to Malaysian law enforcement authorities ,
Ng would be required upon returning to the US to begin his prison term, prosecutors said, in an earlier letter to Judge Brodie.
Ng’s lawyers agreed to the proposed schedule, the letter said. The lawyers did not immediately respond to requests for comment.
Ng’s surrender date had been delayed from Sept 6, after US prosecutors said they needed more time to communicate with Kuala Lumpur about first letting him stand trial there.
A day earlier, Singapore’s central bank banned Ng,
The case stemmed from about US$6.5 billion (S$8.9 billion) in bonds that Goldman helped 1MDB sell in 2012 and 2013. US prosecutors said officials, bankers and their associates embezzled about US$4.5 billion of that sum.
Ng is a Malaysian national and Goldman’s former head of investment banking in Malaysia.
Judge Brodie sentenced Ng in March,
Jho Low, a Malaysian financier and the scheme’s suspected mastermind, was also indicted but remains at large.
Goldman settled with the authorities in October 2020, agreeing to pay US$2.9 billion and having its Malaysian unit plead guilty to a corruption charge.
Ng had been arrested in Malaysia in November 2018, and agreed to be extradited to the US. REUTERS
