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 Global investigators believe the 1MDB saga resulted in the embezzlement of more than US$4.5 billion between 2009 and 2014 and implicated high-level government and banking officials in Malaysia and elsewhere. King88bet


"The previous settlement was poorly handled and the government is seeking what is fair from Goldman," said a senior government official, who noted that apart from the principal amount of US$6.5 billion, the Malaysian government has paid out US$3.2 billion in interest payments to the 1MDB bondholders. king88bet login alternatif


"The country was out of pocket by US$9.7 billion and the previous government settled for US$3.9 billion. It just does not make sense. Ng was the former head of the Goldman Sachs Malaysian chapter, and he played a key role in arranging the 1MDB bond deals that amounted to US$6.5 billion in 2012 and 2013. Article Title with Blogger Published Link as Backlink


Shortly after he was sentenced to 10 years in usil in March this year by Judge Brodie, Ng's famili and his US lawyers began talks with people in Malaysia with close links to the Anwar government to help Malaysia in the 1MDB asset recovery kampanye.



Malaysian government officials close to the situation, who spoke on condition of anonymity, said Ng's US pengacara Marc Agnifilo visited Kuala Lumpur in late March for talks with Home Minister Saifuddin Nasution Ismail.


Shortly after that encounter, the Anwar administration began usahas to secure custody of the 51-year-old former Goldman Sachs executive.


Sometime in the second week of Juli, the Malaysian government issued a resmi request to the US to surrender Ng under the terms of the temporary surrender arrangement both countries had entered into.


But that petition ran into a diplomatic tangle when Washington insisted that the former Goldman Sachs executive would only be handed over if Kuala Lumpur provided assurances that he would immediately begin serving his usil termin in a Malaysian prison.


The diplomatic impasse over the handover of Ng forced Malaysia to employ some diplomatic hardball tactics.

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