Ng faces charges in Malaysia and the US for his involvement in US$6.5 billion of bond sales that Goldman arranged for the troubled state fund, called 1Malaysia Development Bhd.
(May 5): Singaporean authorities are preparing to return about $35 million surrendered by former Goldman Sachs Group Inc. banker Roger Ng and his family in connection with the 1MDB scandal to Malaysia, according to people familiar with the matter.
A Singaporean court in recent weeks cleared the way for the funds to be repatriated, said the people, who asked not to be named discussing sensitive information. Singapore authorities
didn’t immediately reply to an email seeking comments. Ng’s lawyer didn’t immediately respond to calls or an email for comment.
