Bloomberg Law
March 16, 2023, 10:14 PM

Ex-Goldman Banker Ng Says Malaysia Seized $35 Million US Wants

Hadriana Lowenkron
Hadriana Lowenkron

Former Goldman Sachs Group Inc. banker Roger Ng, who was sentenced to 10 years in prison last week for his role in the 1MDB fraud, is claiming he can’t meet US prosecutors’ demand that he also pay $35 million because the Malaysian government already took all of his money.

Federal prosecutors had asked US District Judge Margo Brodie in Brooklyn, New York, to order Ng to forfeit that amount as ill-gotten gains from the conspiracy to loot the Malaysian sovereign wealth fund at his March 9 sentencing. Ng’s lawyer, Marc Agnifilo, argued that no other penalties were needed ...