1MDB scandal: ex-Goldman banker Roger Ng to be returned to Malaysia to face trial

Ng was sentenced to 10 years in prison in the US for helping loot billions of dollars from Malaysia’s sovereign wealth fund

He will be returned to his home country, where he faces charges related to the financial scandal

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Former Goldman Sachs banker Roger Ng. Photo: AP

Published: 10:59am, 6 Oct 2023

Former Goldman Sachs banker Roger Ng, facing 10 years in prison after being convicted in New York of helping loot billions of dollars from Malaysia’s 1MDB sovereign wealth fund, will be returned to that country, where he faces related charges.

Chief US District Judge Margo Brodie in Brooklyn on Thursday ordered Ng’s surrender to the US Marshals Service by Friday so he could be turned over to Malaysian law enforcement, who would transport him to their country.

Ng would be required upon returning to the United States to begin his prison term, prosecutors said in an earlier letter to Brodie. Ng’s lawyers agreed to the proposed schedule, the letter said.

Lawyers for Ng did not immediately respond to requests for comment.

Ng’s surrender date had been delayed from September 6, after US prosecutors said they needed more time to communicate with Kuala Lumpur about first letting him stand trial there.

A day earlier, Singapore’s central bank banned Ng, also known as Ng Chong Hwa, for life, saying his “severe misconduct” made it “contrary to public interest to allow him to carry on business as a representative.”