Roger Ng ordered to forfeit US$35 million over 1MDB fiasco

Updated 2 months ago · Published on 25 Mar 2023 9:30AM · 0 Comments

Roger Ng, who played a role in the 1MDB financial scandal, says he has already forfeited all his money to Malaysia and cannot afford to pay a further US$35.1 million as ordered by a US court. – AFP pic, March 25, 2023.

FORMER Goldman Sachs banker Roger Ng, who was sentenced to 10 years in prison for his role in the 1Malaysia Development Bhd (1MDB) fraud, was yesterday ordered to forfeit US$35.1 million (RM155.4 million) by a US district judge, Reuters reported.

Brooklyn judge Margo Brodie rejected Ng’s claims that he had already forfeited all of his money – alleged proceeds from his crimes in the tens of millions – to Malaysia.