Singapore to send RM106mil back to Malaysia

Ng will waive extradition to the United States on Friday during an appearance in a court in Malaysia, according to his lawyer Marc Agnifilo.

SINGAPORE: Singaporean authorities are preparing to return about S$35mil (RM106mil) surrendered by former Goldman Sachs Group Inc. banker Roger Ng and his family in connection with the 1MDB scandal to Malaysia, according to people familiar with the matter.

A Singaporean court in recent weeks cleared the way for the funds to be repatriated, said the people, who asked not to be named discussing sensitive information. Singapore authorities didn’t immediately reply to an email seeking comments. Ng’s lawyer didn’t immediately respond to calls or an email for comment.

Ng faces charges in Malaysia and the US for his involvement in US$6.5bil of bond sales that Goldman arranged for 1Malaysia Development Bhd. — Bloomberg