Singapore authorities didn't immediately reply to an e-mail seeking comments. Ng faces charges in Malaysia and the United States for his involvement in US$6.5bil (RM26.9bil) of bond sales that Goldman arranged for the troubled state fund 1MDB. The authorities in several countries, including the United States, have alleged that much of the money raised was siphoned off to enrich politicians. He was deputy to Goldman's former South-East Asia chairman Tim Leissner, who has pleaded guilty to US charges including conspiring to launder money. Singapore in September ordered the first batch of misappropriated 1MDB money – S$15.3mil (RM46.5mil) that was recovered in various currencies – to be returned to Malaysia.

Source: The Star May 03, 2019 04:30 UTC