Kuala Lumpur’s determination to secure Ng's quick custody appears tied to fresh efforts to push Goldman Sachs to revisit a controversial settlement reached with the previous Muhyiddin Yassin administration.
, who played a central role in the 1Malaysia Development Bhd fiasco, is emerging as an unlikely pawn in a little-publicised diplomatic tug-of-war between Malaysia and the United States.It is fast shaping into the first diplomatic face-off for Prime Minister Anwar Ibrahim’s nine-month administration with Washington.
Under the conditions of his conviction, Ng is currently on bail in the US and is only due to surrender to the authorities sometime in the first week of September to begin serving his jail sentence.Ex-Goldman Sachs banker Roger Ng exits the Brooklyn Federal Courthouse after being found guilty for his part helping embezzle from Malaysia's 1MDB sovereign wealth fund in Brooklyn, New York on April 8, 2022.
They noted that Ng has knowledge about previously undisclosed dealings between Low and top executives of Goldman Sachs over 1MDB that could significantly strengthen Malaysia’s case for a higher settlement. That staggered settlement arrangement, which included an upfront payment of US$2.5 billion, is now tied down in a dispute between the two parties over milestone financial settlements for the remaining US$1.4 billion.
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