Ex-banker to reach Malaysia today for 1MDB probe: Saifuddin

LocalPolitics
7 Oct 2023 • 5:40 PM MYT
Daily Express
Daily Express

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Kuala Lumpur: Former Goldman Sachs banker Roger Ng is due to arrive in Malaysia at midnight to assist in the local investigation related to the 1Malaysia Development Bhd (1MDB) scandal, said Datuk Seri Saifuddin Nasution Ismail.

The home minister also said Ng’s return was part of the government’s efforts to recover assets stolen from 1MDB.

“If there are no any obstacles, he (Ng) will arrive at midnight today. If there are no obstacles,” the home minister was quoted as saying by national news agency Bernama.

Saifuddin said Ng was being repatriated in order for Malaysian authorities to continue their investigation into 1MDB and Goldman Sachs’ role in the scandal.

SPONSORED CONTENT Daily Express members: Enjoy 1 for 1 signature cocktails and more at Hyatt Centric Kota Kinabalu Kota Kinabalu: DAILY EXPRESS is partnering with Hyatt Centric Kota Kinabalu to offer an exclusive deal for our members. Read more Ng, formerly the Malaysian head of investment banking in Goldman Sachs, has already been convicted by a United States (US) federal court in March of conspiring to steal US$35 million (RM165 million) from 1MDB, and sentenced to serve 10 years in prison there.

However, his prison term in a US jail was deferred after Malaysia sought his return to face 1MDB charges here.

Following bilateral negotiations between the two governments, a US federal court granted an order last Thursday for the US Marshals Service to hand over Ng to Malaysian authorities.

Earlier, it was reported that several Malaysian law enforcement agencies are awaiting the return of Ng to complete their respective investigations into the 1MDB scandal.

Among the agencies expected to require information or investigate associates of businessman Low Taek Jho or Jho Low are the Malaysian Anti-Corruption Commission (MACC) and the police.

In addition, the former Goldman Sachs investment head is also likely to be called by the Securities Commission (SC) and the Inland Revenue Board (IRB).

However, Jho Low, who is the main character in this scandal is still at large.

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