Roger Ng in the US to face 1MDB charges

  • Nation
  • Monday, 06 May 2019

PETALING JAYA: Former Goldman Sachs banker Roger Ng has been sent to the United States to face charges over 1MDB-related offences, reports business portal The Edge.

Quoting sources, it said Ng was sent in a deal worked out between Malaysian investigators and the US Department of Justice (DoJ).

The agreement was reported to have sorted out between the two authorities last week.

"I can confirm that he left last Friday and is now in the US under the watch of the DoJ," a source was quoted as saying.

On Feb 15, Ng willingly agreed to be extradited to the United States to face the three criminal charges, and he applied to the Sessions Court to waive the extradition proceedings against him.

Last Dec 19, he pleaded not guilty in the Kuala Lumpur Sessions Court to four counts of abetting Goldman Sachs over the sale of 1MDB bonds totalling US$6.5bil by leaving out material facts and making false statements.

The DoJ had announced criminal charges last year against Tim Leissner and Roger Ng, two former Goldman bankers tied to the scandal involving 1MDB.

Ng is facing charges in Malaysia and the United States for his involvement in US$6.5bil (RM26.9bil) of bond sales that Goldman arranged for 1MDB.

The authorities in several countries, including the US, have alleged that much of the money raised was siphoned off to enrich politicians.

Former Malaysian prime minister Datuk Seri Najib Razak is currently standing trial on 1MDB-related charges here.

Ng, who has denied wrongdoing, was deputy to Goldman's former South-East Asia chairman Leissner, who pleaded guilty to US charges, including conspiring to launder money.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 7
Cxense type: free
User access status: 3

Across The Star Online