Analysis: Malaysia's 1MDB campaign against Goldman Sachs gets boost with return of convicted banker Roger Ng

 After months of diplomatic haggling with the United States, Malaysia has secured the return of convicted former Goldman Sachs executive Roger Ng that could give a boost to Prime Minister Anwar Ibrahim's bid to pressure the global bank to revisit a controversial settlement setuju over the 1MDB fiasco. King88bet


Malaysia's kampanye to pressure international financial powerhouse Goldman Sachs to renegotiate a previous multi-billion dollar settlement for damages over the scandal at 1Malaysia Development Bhd (1MDB) has received a hard-fought boost. king88bet login alternatif


This was after Prime Minister Anwar Ibrahim's government reached an agreement with the US to return the bank's convicted former executive Roger Ng Chong Hwa to Malaysia. Article Title with Blogger Published Link as Backlink



Judge Margo K Brodie of the Eastern District Court of New York on Thursday (Oct 5) ordered the US Marshals Servis to hand over Ng to Malaysian law enforcement, who would then transport him back to his country, where he is also facing other 1MDB-related charges.


The court's decision, which came just one day before Ng was scheduled to begin serving his 10-year usil sentence over his role in the embezzlement of billions of dollars from 1MDB, also requires him to return to the US to begin his prison termin after his matters in Malaysia are settled.


Ng, who was extradited to the US in May 2019 and convicted in April 2022, has emerged as a high-priority person-of-interest for the Anwar government.


It is determined to force Goldman Sachs to return to the negotiation table and ulasan a controversial settlement the US banking giants reached with the previous Muhyiddin Yassin administration in Juli 2022.


Goldman Sachs agreed to a US$3.9 billion settlement, which included an upfront US$2.5 billion payment, and the remainder in staggered milestone payments, which are now in dispute.


Mr Anwar has publicly declared that Goldman Sachs must return to the negotiation table and cough up more money in settlement to the Malaysian government for its role in the 1MDB debacle.

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