Ex-Goldman Exec Agrees To Face 1MDB Charges In US

Law360 (February 15, 2019, 7:09 PM EST) -- Former Goldman Sachs Group Inc. managing director Roger Ng Chong Hwa has agreed to be extradited from Malaysia to the U.S. to face charges of conspiring to misappropriate more than $2.7 billion from Malaysia's sovereign wealth fund, 1Malaysia Development Berhad.

In a Malaysian court appearance on Friday morning, Ng agreed to waive extradition proceedings and defend himself on the merits in Brooklyn federal court, his attorney Tan Hock Chuan said after that proceeding in remarks to the press, video of which was posted to a local newspaper's website.

Ng is accused in the U.S. of Foreign Corrupt Practices Act violations for...

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