Roger Ng to sur­ren­der RM120m

The Sun (Malaysia) - - FRONT PAGE -

PETAL­ING JAYA: For­mer Gold­man Sachs ex­ec­u­tive Roger Ng and his fam­ily have agreed to sur­ren­der about S$40 mil­lion (RM120 mil­lion) linked to 1Malaysia De­vel­op­ment Ber­had ( 1 MDB) t o Sin­ga­pore au­thor­i­ties, news agency Bloomberg re­ported yes­ter­day.

Cit­ing sources, Bloomberg said Sin­ga­pore would then repa­tri­ate the funds, cur­rently frozen in the is­land repub­lic, to Malaysia.

Sin­ga­pore had repa­tri­ated S$15.3 mil­lion (RM46.075 mil­lion) in funds linked t o 1 MDB a n d S R C I nter­na­tional t o Malaysia i n Septem­ber.

Ng was ar­rested by Malaysian po­lice last week. Bloomberg re­ported that Ng is chal­leng­ing the move to ex­tra­dite him to the US to face crim­i­nal charges over the 1MDB scan­dal.

He had worked for Gold­man Sachs in South­east Asia.

Ac­cord­ing to the re­port, the three-count crim­i­nal in­dict­ment at a fed­eral court in New York per­tains to fugi­tive fi­nancier Low Taek Jho and Ng con­spir­ing to l aun­der bil­lions of dol­lars em­bez­zled from 1MDB.

They were also in­dicted for con­spir­ing to vi­o­late the For­eign Cor­rupt Prac­tices Act of the US by pay­ing bribes to var­i­ous Malaysian and Abu Dhabi of­fi­cials.

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