'A former Goldman Sachs banker has been extradited from Malaysia to the US to face criminal charges connected to the $4.5bn (£3.4bn) corruption scandal at the 1MDB state investment fund.
Malaysia’s attorney general said Roger Ng had been transferred to the US for 10 months, after which he would be returned to face charges in his home country.
Ng, who left Goldman Sachs in 2014, has been detained in Kuala Lumpur since last November after the US justice department charged him with allegedly laundering funds diverted from the 1Malaysia Development Berhad (1MDB) fund.
At the federal court in Brooklyn on Monday, Ng pleaded not guilty to paying bribes to government officials in Malaysia and Abu Dhabi. He was granted bail after agreeing to put up $1m in cash to secure a $20m bond. Ng has surrendered his passport and will be placed under house arrest.
Vast sums were allegedly looted from 1MDB in a fraud said to have extended to the former Malaysian leader Najib Razak and his associates, triggering an international outcry and embroiling one of the world’s biggest investment banks in a financial scandal. Last month, Razak went on trial on corruption charges linked to 1MDB. He denies the charges.
Ng is among former bankers at Goldman Sachs accused of helping to misappropriate $2.7bn of funds, bribing officials and giving false statements when helping to issue bonds that would raise proceeds for 1MDB. He had agreed to be sent to the US, but proceedings were delayed when Malaysia’s home minister said he should first face criminal charges in the south-east Asian country.
Following negotiations with the US, the Malaysian attorney general, Tommy Thomas, said the two countries had agreed to transfer Ng temporarily to the US. He would then be tried in Malaysia as soon as the US proceedings were concluded. Ng was sent to the US on 3 May, according to a statement.
“The period of temporary surrender may be extended upon mutual agreement by Malaysia and the US,” Thomas said.'
Read more: Ex-Goldman Sachs banker extradited to US to face charges
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