kuala lumpur: Ng, who left Goldman Sachs in 2014, has been detained in Kuala Lumpur since last November after the US justice department charged him with allegedly laundering funds diverted from the 1Malaysia Development Berhad 1MDB fund, according to The Guardian. At the federal court in Brooklyn on Monday, Ng pleaded not guilty to paying bribes to government officials in Malaysia and Abu Dhabi. Malaysia's attorney general said Roger Ng had been transferred to the US for 10 months, after which he would be returned to face charges in his home country. He was granted bail after agreeing to put up 1m in cash to secure a 20m bond. Vast sums were allegedly looted from 1MDB in a fraud said to have extended to the former Malaysian leader Najib Razak and his associates, triggering an international outcry and embroiling one of the world's biggest investment banks in a financial scandal. Ng has surrendered his passport and will be placed under house arrest.
(news.financializer.com). As
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