Malaysia says United States returned $57m in 1MDB funds

07 Mai, 2019, 11:42 | Auteur: Anatole Charbonneau
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US Magistrate Judge Peggy Kuo, of US District Court in Brooklyn, New York, allowed Ng, a Philippines citizen, to be released in exchange for a US$20 million bond.

Malaysia has recovered US$322 million (about RM1.3 billion) worth of 1Malaysia Development Berhad (1MDB) assets since investigations into the state-owned sovereign wealth fund effectively began after the 14th General Election in May previous year, it was stated today. He was fitted for an ankle bracelet, and will be staying at an undisclosed location in the New York City area that the court approved.

"He was in a very hard situation", Mr Agnifilo told reporters. He arrived in NY on Monday (May 6).

Malaysia's attorney general said Roger Ng had been transferred to the USA for 10 months, after which he would be returned to face charges in his home country.

According to Mr Thomas, the practical consequences of Ng facing criminal charges in two different jurisdictions led to negotiations between the two countries on where he should be tried first.

The US Department of Justice (DoJ), in the biggest case in its anti-kleptocracy programme, is pursuing billions of dollars it says were misappropriated from 1MDB, a state fund founded by former Malaysian prime minister Najib Razak.

Goldman's role is under scrutiny because the Wall Street bank helped arrange $6.5 billion in bonds for 1MDB.

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Malaysian and USA authorities say about $4.5 billion were allegedly siphoned from 1Malaysia Development Berhad (1MDB), a state fund founded in 2009 by then Malaysian prime minister Najib Razak.

Mr Thomas noted that Ng shall be returned to Malaysia to face charges as soon as the proceedings in the United States are concluded, adding that the period of temporary surrender may be extended upon mutual agreement between the two governments. Malaysia´s new government has re-opened probes into 1MDB, and Najib has been arrested.

Ng was charged in Kuala Lumpur with four counts of abetting the bank to provide misleading statements in the offering prospectus for 1MDB bond sales.

Leissner has already pleaded guilty in the U.S. to 1MDB-linked charges.

Tim Leissner, another former Goldman Sachs banker, and Malaysian financier Low Taek Jho have also been charged in the United States over 1MDB.

Back in Malaysia, Najib, Rosmah, and senior leaders of the Barisan Nasional administration remain on trial over an assortment of charges ranging from money laundering to abuse, some of which are related to the state investment firm. He has pleaded not guilty.

"It may be recalled that the DOJ recently announced that out of the US$4.5 billion wrongfully diverted from 1MDB, the value of assets that the DOJ was seeking to forfeit through its numerous civil forfeiture complaints filed from 2016 to 2019 was estimated at US$1.7 billion", he said. Leissner has pleaded guilty, but Low has denied wrongdoing.


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