KUALA LUMPUR (May 6): Former Goldman Sachs banker Roger Ng has been sent to the United States to face charges over 1MDB-related offences in a deal worked out between Malaysian investigators and the US Department of Justice (DOJ).
The US had asked for Ng, a Malaysian, to be extradited. Ng initially fought the extradition in a Malaysian court but later changed his mind and volunteered to go. However, Malaysian investigators objected, as Ng was already charged here for similar 1MDB offences.
But an agreement was finally worked out between the two authorities last week.
(May 5): Singaporean authorities are preparing to return about $35 million surrendered by former Goldman Sachs Group Inc. banker Roger Ng and his family in connection with the 1MDB scandal to Malaysia, according to people familiar with the matter.
A Singaporean court in recent weeks cleared the way for the funds to be repatriated, said the people, who asked not to be named discussing sensitive information. Singapore authorities
didn’t immediately reply to an email seeking comments. Ng’s lawyer didn’t immediately respond to calls or an email for comment.
SINGAPORE (Mar 20): Banks, brokerages and other financial institutions suffered a total of more than $350 million in unpaid losses in the wake of the October 2013 crash of Blumont Group, LionGold Corp and Asiasons Capital (now known as Attilan Group), according to prosecutors.
PUTRAJAYA (Feb 20): The extradition of former Goldman Sachs managing director Roger Ng to the United States (US) will only be carried out after his cases in Malaysian courts are completed, said Home Minister Tan Sri Muhyiddin Yassin.
Muhyiddin said this was the advice of Attorney-General Tommy Thomas to him via an official letter a few days ago informing that Ng has to face charges in Malaysia next month.
(Jan 25): Malaysia’s police are seeking Jho Low’s parents and an associate as they widen their search for evidence of possible wrongdoing in their investigation into the scandal-ridden 1MDB.
Authorities are calling for information on Low’s parents Low Hock Peng and Goh Gaik Ewe as well as Tan Kim Loong, Low’s associate, the police said in a statement. They are also seeking Shabnam Naraindas Daswani, a Singaporean who is also known as Natasha Mirpuri.
KUALA LUMPUR (Jan 24): Bukit Aman Commercial Crime officers are still at Goldman Sachs' Malaysian law firm Rahmat Lim & Partners, where they have been conducting a raid since morning.
Five enforcement officers have been sighted at the office building where Rahmat Lim is located.
(Jan 17): Goldman Sachs Group Chief Executive Officer David Solomon apologised to the Malaysian people for the role that a senior banker at the firm, Tim Leissner, played in the 1MDB scandal.
Malaysia was “defrauded by many individuals,” Solomon said on a conference call with analysts after the investment bank reported fourth-quarter earnings Wednesday. Leissner “was one of those people.”
KUALA LUMPUR (Jan 7): A Malaysian court on Monday declined to grant bail to former Goldman Sachs banker Roger Ng, pending his extradition to the United States where he faces charges related to suspected money laundering of funds siphoned off from state fund 1Malaysia Development Berhad (1MDB).
Ng has been detained in Kuala Lumpur since Nov 1 last year, shortly after the US Department of Justice announced charges against him, another Goldman Sachs official Tim Leissner, and Malaysian financier Low Taek Jho ver the alleged theft of billions of dollars from 1MDB.
KUALA LUMPUR (Dec 20): Goldman Sachs said the financial services provider relied on documents provided by International Petroleum Investment Co (IPIC) executives, when Goldman Sachs proceeded with the US$1.75 billion (about RM7.32 billion) IPIC-guaranteed bond that Goldman Sachs raised for 1Malaysia Development Bhd (1MDB) in 2012, The Straits Times reported today.
The Straits Times reported that Goldman Sachs acknowledged that an IPIC board resolution was not obtained for the bond issue.
(Dec 19): Singapore’s central bank on Wednesday said it had issued a lifetime prohibition order against former Goldman Sachs’ banker Tim Leissner after he admitted to charges related to an investigation into scandal-plagued Malaysian state fund 1MDB.
The ban is an upgrade of the Monetary Authority of Singapore’s 10-year prohibition order against Leissner issued last year.
The order, among other things, prevents him from performing any regulated activity under the Securities and Futures Act (SFA).
