KUALA LUMPUR: Former Goldman Sachs executive, Roger Ng and his family have reportedly agreed to hand over S $ 40 million (RM120.7 million) associated with 1Malaysia Development Berhad (1MDB) to the Singapore authorities.
Quoting sources, Bloomberg reports Ng, who was arrested last week in the country at the request of the US authorities, will return the frozen funds in the republic.
Last September, a court in Singapore ordered that S $ 15.3 million (RM46.075 million) associated with 1MDB and SRC International be returned to Malaysia.
Bloomberg also reported, Ng also challenged extradition orders to the United States (US) where he would face criminal charges over the 1MDB scandal.
Ng was accused without his presence in US court last week, with former Goldman's former executive, Tim Leissner and businessman in the game, Low Taek Jho or Jho Low.
In the charge, Jho Low and and Ng confronted the billions of dollars deviated from 1MDB and conspired to breach the Foreign Corrupt Practices Act (FCPA) by paying bribes to Malaysian authorities and Abu Dhabi.
Previously, Ng was a Goldman Sachs employee in Southeast Asia.
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