Malaysia 1MDB scandal: US$5 million in assets recouped after ex-Goldman Sachs banker Roger Ng’s trial
- Malaysian authorities are counting on the convicted former banker Roger Ng’s cooperation to recover as much as possible from the billions looted from the fund
- Malaysian and US investigators estimate US$4.5 billion were stolen from 1MDB, implicating former Malaysian PM Najib Razak, and Goldman Sachs staff
‘Don’t take us for fools’: Malaysians slam Najib’s reduction in jail time
Najib’s special officer, Amhari Efendi, surrendered about 4.6 million ringgit to the government through BSI Bank Switzerland, according to the anti-corruption body. Authorities also confiscated three condominiums worth almost 7.1 million ringgit from another special officer Mohammad Kamal Yan Yahaya, the agency said.
Since 2019, the Malaysian government said it has recouped 29 billion ringgit of assets that disappeared from 1MDB.
Malaysian and US investigators estimate US$4.5 billion were stolen from 1MDB, implicating ex-PM Najib Razak, Goldman Sachs staff and high-level officials elsewhere.
Najib was sentenced to 12 years in prison after being convicted in a case linked to the 1MDB scandal, but had his sentence halved last week by a Malaysian pardons board.