Roger Ng Arrives In Malaysia Igp Declines To Reveal Location

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Former Goldman Sachs banker Roger Ng has arrived in Malaysia to face charges related to the scandal-ridden 1Malaysia Development Bhd (1MDB) sovereign wealth fund.
Inspector-General of Police Razarudin Husain confirmed Ng's (above) arrival at midnight but reportedly declined to reveal his location, citing safety concerns.
"I can confirm, he is already in Malaysia," Utusan Malaysia reported him as saying.
According to the report, among authorities expected to investigate the associate to fugitive tycoon Low Taek Jho are MACC and the police.
Further, Ng's assistance may also reportedly be required by the Securities Commission and the Inland Revenue Board.
Inspector-General of Police Razarudin HusainHome Minister Saifuddin Nasution Ismail yesterday said the duration that Ng will be staying in the country depends on the investigation process.
According to a report by Reuters, Chief US District judge Margo Brodie in Brooklyn ordered Ng’s surrender to the US Marshals Service by Friday so he could be turned over to Malaysian law enforcement, who would then be transporting him here.
Ng was arrested in Malaysia in November 2018 and agreed to be extradited to the US.
He is already facing 10 years in prison after being convicted in New York of helping loot billions of dollars from 1MDB and would be required to begin his prison term upon returning to the US.
Ng was formerly Goldman’s head of investment banking in Malaysia and was sentenced in March, 11 months after jurors found him guilty of helping former Goldman boss, Tim Leissner to embezzle money from 1MDB, launder the proceeds and bribe government officials to win business.
The case involves some US$6.5 billion (RM30 billion) in bonds that Goldman Sachs helped 1MDB sell in 2012 and 2013.
US prosecutors said officials, bankers, and their associates embezzled about US$4.5 billion (RM21.2 billion) of that sum.
Leissner’s sentencing is now scheduled for March 19, 2024. - Mkini

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