Former Goldman Sachs Banker Convicted in 1MDB Scandal Returns to Malaysia to Aid Asset Recovery

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Source: ABC News
Former Goldman Sachs Banker Convicted in 1MDB Scandal Returns to Malaysia to Aid Asset Recovery
Photo: ABC News
TL;DR

Former Goldman Sachs executive Roger Ng Chong Hwa, convicted in the US for his involvement in the multibillion-dollar looting of Malaysia's 1MDB fund, has been brought back to Malaysia to assist in asset recovery efforts. Ng, who denies the charges against him, is under police custody and faces graft charges in Malaysia. The government seeks to review a settlement package with Goldman Sachs, considering it too lenient. The 1MDB scandal led to the downfall of the Malaysian government, with former Prime Minister Najib Razak currently serving a 12-year jail term. Malaysian financier Low Taek Jho, the alleged mastermind, remains a fugitive.

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