KUALA LUMPUR (Bloomberg): Malaysian prosecutors will charge a former Goldman Sachs Group Inc banker on Wednesday (Dec 19), says a person familiar with the matter, after an oversight earlier in the day delayed his extradition process to the United States. Roger Ng will face charges at 2:30pm in a Kuala Lumpur court, according to the person, who asked not to be identified as the information is private. Ng could be stuck in the middle of a tug-of-war between the United States and Malaysia as he is set to face charges in both countries linked to his involvement in 1Malaysia Development Berhad (1MDB) transactions arranged by Goldman. It’s unclear how prosecutors on both sides will cooperate on charges relating to Ng and others in a scandal that allegedly saw billions of dollars siphoned from the Malaysian state fund. Goldman will “vigorously contest” the charges, which it said came without a chance for the firm to provide its view.

Source: The Star December 19, 2018 06:11 UTC