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HomeMalaysia NewsFormer Goldman Sachs Banker Roger Ng Returns to Malaysia for 1MDB Investigation

Former Goldman Sachs Banker Roger Ng Returns to Malaysia for 1MDB Investigation

Roger Ng, a former Goldman Sachs banker convicted in the United States for his involvement in the 1Malaysia Development Bhd (1MDB) scandal, is scheduled to arrive in Malaysia today, announced Datuk Seri Saifuddin Nasution Ismail, the Home Minister. Ng’s return marks a significant step in Malaysia’s efforts to recover assets connected to the 1MDB scandal. Despite his previous conviction and sentence in the US, Malaysia seeks to pursue its own charges against him related to the scandal that shook the nation.

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Roger Ng, formerly the head of investment banking for Goldman Sachs in Malaysia, had been convicted by a US federal court in March for his role in conspiring to embezzle US$35 million (RM165 million) from 1MDB. He was sentenced to serve 10 years in a US prison; however, his incarceration was deferred after Malaysia requested his return to face charges in the country.

The Malaysian and US governments engaged in bilateral negotiations, which resulted in a US federal court order last Thursday authorizing the US Marshals Service to transfer Ng to Malaysian authorities. This move allows Malaysia to continue its investigations into the 1MDB scandal.

Numerous Malaysian law enforcement agencies are eagerly awaiting Ng’s return to progress with their respective investigations related to the scandal. These agencies include the Malaysian Anti-Corruption Commission (MACC) and the police, both of which are expected to seek information and investigate associates of businessman Low Taek Jho, commonly known as Jho Low. Additionally, the Securities Commission (SC) and the Inland Revenue Board (IRB) are also likely to summon the former Goldman Sachs investment head for questioning.

While Roger Ng’s return marks a significant development in Malaysia’s efforts to uncover the truth behind the 1MDB scandal, Jho Low, a central figure in the controversy, remains at large, posing an ongoing challenge to authorities.