IGP: Roger Ng still under 1MDB asset recovery probe

Next in line is the MACC to probe NG

Roger Ng (middle), Former Goldman Sach's Head of Investment Banking in Malaysia will be returned to Malaysia to face charges - AgencyPic
Roger Ng (middle) is still under 1MDB asset recovery probe - Reuters file pic.

KUALA LUMPUR — The Royal Malaysian Police (PDRM) are currently interrogating Roger Ng Chong Hwa, a former Goldman Sachs banker who was convicted by the US federal court for misappropriating US$35 million (RM165 million) from 1Malaysia Development Berhad (1MDB).

According to a report by Utusan Malaysia, Inspector-General of Police Tan Sri Razarudin Husain said that the investigations are being conducted to recover assets belonging to 1MDB.

“We are still conducting further investigations to trace and obtain all the assets believed to be owned by him as a result of the misappropriation of 1MDB funds.

“So far Roger has cooperated well with the police throughout the investigation process,” the IGP was quoted as saying.

Ng, formerly the Malaysian head of investment banking at Goldman Sachs, arrived home from the US on 18 October to assist in the 1MDB investigations.

After being found guilty by a US federal court in March, the 51-year-old was sentenced to 10 years imprisonment there. However, Malaysia has sought his return to face charges related to 1MDB. Despite the ruling, he has been allowed to postpone his jail term.

The Malaysian Anti-Corruption Commission (MACC) is next in line to investigate Ng regarding the 1MDB misappropriation. — MalaysiaXpress