Malaysia says Ng to help recover 1MDB assets tied to Goldman

MALAYSIA’S main objective for seeking former Goldman Sachs banker Roger Ng’s return to the country is for him to help authorities recover more 1MDB assets linked to the US bank, according to Home Minister Saifuddin Nasution.

“It will depend on how fast the enforcement agencies handle the investigation and what comes out of it,” he said. Ng, a Malaysian, arrived in the Southeast Asian nation over the weekend. Goldman made $593 million working on three bond sales that raised $6.5 billion for 1MDB in 2012 and 2013. Under a July 2020 settlement, Malaysia dropped all criminal charges against the bank over its role in the scandal in exchange for a $2.5 billion cash payment and for the guaranteed return of $1.4 billion of seized 1MDB assets.

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