Government seeks to send ex-Goldman banker back to US

Government seeks to send ex-Goldman banker back to US

Roger Ng is sought by the US government which wants him to face criminal charges related to 1MDB.

Former Goldman Sachs banker Roger Ng.
KUALA LUMPUR:
The government has filed an application to send former Goldman Sachs banker Roger Ng to the US to face charges related to state investment fund 1MDB.

In court documents filed on Dec 12, the Attorney-General’s Chambers (AGC), representing the government, said the extradition request was made on behalf of the US government which wants Ng brought back to the country to face three criminal charges of bribery and money laundering at the Eastern District New York Court.

“The offences committed by Ng were serious,” the AGC said, adding that Ng could be extradited under Malaysian and US treaties.

It added that the charges were not for political offences and did not aim to punish him for reasons related to politics.

Ng’s case will be mentioned again before Sessions Court judge Edwin Paramjothy on Jan 4, 2019, when he will be produced before the court.

His lawyer, Tan Hock Chuan, sought a new mention date so that Ng could be present for the proceedings.

Ng was remanded for 60 days beginning Nov 1. Last week, he failed to obtain bail from the High Court to be freed pending the government’s bid to extradite him to the US.

The court said Ng was a flight risk and should be held in detention pending his extradition hearing.

Ng is one of three current and former Goldman bankers implicated by the US Department of Justice (DoJ) as having taken part in or having knowledge of what the DoJ called a “multiyear criminal enterprise”.

Ng was a deputy to Goldman’s former Southeast Asia chairman Tim Leissner, who has pleaded guilty to his role in the scandal.

Leissner told a court in the US that he took part in money laundering, bribery and kickbacks from 2009 to 2014 in an effort to acquire and execute the “strategic” 1MDB transaction to benefit himself and Goldman.

He said the goal was to influence Malaysian officials so that Goldman would get 1MDB’s business.

Fugitive businessman Low Taek Jho, or Jho Low, was charged in absentia with Ng and Leissner.

Jho Low is accused of conspiring with Ng to launder billions of dollars embezzled from 1MDB.

Goldman Sachs arranged bond offerings that helped the fund raise more than US$6 billion, much of which, according to international authorities, was squirrelled away in private accounts and used to buy yachts, paintings and high-end real estate.

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