KUALA LUMPUR, Nov 2 — Former Goldman Sachs banker Ng Chong Hwa, also known as Roger Ng, will be extradited to the United States to face charges in the 1Malaysia Development Berhad (1MDB) scandal.
Bukit Aman Commercial Crimes Investigations Department (CCID) director commissioner Datuk Seri Amar Singh told Malay Mail the extradition process is ongoing today.
“A warrant of arrest was issued and we picked him up yesterday.
“The process is ongoing now and he will be sent back once everything is cleared,” said Amar.
Yesterday, Reuters reported a three-count criminal indictment was unsealed in federal court in the Eastern District of New York charging Low Taek Jho, also known as “Jho Low,” and Roger Ng with conspiring to launder billions of dollars embezzled from 1MDB funds and for conspiring to violate the Foreign Corrupt Practices Act (FCPA) by paying bribes to various Malaysian and Abu Dhabi officials.
Low remains at large.
As part of the three-count indictment, Ng is also charged with conspiring to violate the FCPA by circumventing the internal accounting controls of a major New York-headquartered financial institution (Financial Institution), which underwrote more than US$6 billion (RM25 billion) in bonds issued by 1MDB in three separate bond offerings in 2012 and 2013, while Ng was employed at the Financial Institution as a managing director.
Also unsealed yesterday in federal court in the Eastern District of New York was the guilty plea of Tim Leissner, the former South-east Asia Chairman and participating managing director of the Financial Institution, to a two-count criminal information charging Leissner with conspiring to launder money and conspiring to violate the FCPA by both paying bribes to various Malaysian and Abu Dhabi officials and circumventing the internal accounting controls of the Financial Institution while he was employed by it.
Leissner, has already pleaded guilty and agreed to pay US$43.7 million in restitution of ill-gotten gains.
