NEW YORK: Original Goldman Sachs businessman Roger Ng will be sent back to New York to face related charges after being found guilty in that city of aiding in the theft of billions of dollars from Malaysia’s 1MDB sovereign wealth fund.
Ng’s fall to the US Marshals Service was ordered by Chief US District Judge Margo Brodie in Brooklyn on Thursday so that he could be turned over to Indonesian law enforcement, who would take him to their nation.
According to prosecutors in an earlier letter to Brodie, Ng would need to return to the United States in order to start his jail sentence. According to the letter, Ng’s attorneys approved of the suggested deadline.
Requests for comment were no promptly answered by attorneys for Ng.
Ng’s fall day was postponed from September 6 due to a request for more time from US prosecutors to speak with Kuala Lumpur about second allowing him to stand trial there.
Ng Chong Hwa was given a lifelong ban by Singapore’s central bank the day before, claiming that his” severe misconduct” made it” incontrary to the public interest” to permit him to conduct business in that capacity.
About 6.5 billion US dollars in securities that Goldman assisted 1MDB in selling in 2012 and 2013 were the case’s main driver.
According to US lawyers, officers, bank, and their partners stole around$ 4.5 billion of that amount.
Ng is a Malaysian subject and the former head of investment bank in Malaysia for Goldman.
Eleven months after being found guilty of aiding former Goldman director Tim Leissner in stealing money from 1MDB, laundering the proceeds, and bribing government officials to gain business, Brodie sentenced Ng in March.
The much-delayed punishment for Leissner is then set for March 19, 2024. The suspected genius of the scheme, Jho Low, a Malay financier, was also charged but is still at significant.
In October 2020, Goldman reached a deal with the government, paying US$ 2.9 billion and forcing its Malay subsidiary to admit guilt to corruption charges.
Ng agreed to be extradited to the US after being detained in Malaysia in November 2018.