(Dec 19): Malaysian prosecutors will charge a former Goldman Sachs Group banker on Wednesday, said a person familiar with the matter, after an oversight earlier in the day delayed his extradition process to the US.

Roger Ng will face charges at 2.30pm in a Kuala Lumpur court, according to the person, who asked not to be identified as the information is private. He didn’t show up for his extradition hearing earlier on Wednesday as prosecutors weren’t aware that his attendance was necessary, Deputy Public Prosecutor Shukor Abu Bakar said, adding a new date has been set for Jan 4.

Ng could be stuck in the middle of a tug-of-war between the US and Malaysia as he’s set to face charges in both countries linked to his involvement in 1MDB transactions arranged by Goldman. It’s unclear how prosecutors on both sides will cooperate on charges relating to Ng and others in a scandal that allegedly saw billions of dollars siphoned from the Malaysian state fund.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook