I don't have RM157mil to pay, ex-Goldman banker Roger Ng tells US court


NEW YORK: Former Goldman Sachs Group Inc. banker Roger Ng (pic), who was sentenced to 10 years in prison last week for his role in the 1MDB fraud, is claiming he can’t meet US prosecutors’ demand that he also pay US$35mil (RM157mil) because the Malaysian government already took all of his money.

Federal prosecutors had asked US District Judge Margo Brodie in Brooklyn, New York, to order Ng to forfeit that amount as ill-gotten gains from the conspiracy to loot the Malaysian sovereign wealth fund at his March 9 sentencing.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

RM3mil annual sales threshold allows 160,000 businesses to quit e-invoicing, says Liew
Haze: 36 areas record unhealthy API readings, highest in Johan Setia as of 10am
Senator proposes 11 immediate packages to strengthen healthcare workforce in Sabah and Sarawak
NIISe to get real-time access to cross-agency data for traveller screening
Hundreds grateful for doctors’ arrival at rural Sabah hospital posts
Polytechnic student, 19, found dead in rented room in Kuantan
Consumer group urges wider tax reliefs for childcare and elderly care
Sarena Cheah named among Fortune’s Most Powerful Women Asia 2026
Over 21,000 trained for high-skilled chip sector as of June, says Miti
40.77 million vehicles registered, but only 26.6 million active

Others Also Read