"Ex-Goldman Sachs banker denied bail in Malaysia pending extradition to U.S.

KUALA LUMPUR (Reuters) - A Malaysian court on Monday refused bail to former Goldman Sachs banker Roger Ng, pending his extradition to the United States where he faces charges related to suspected money laundering of funds siphoned off from state fund 1MDB.

Ng has been detained in Kuala Lumpur since Nov. 1, shortly after the U.S. Department of Justice announced charges against him, another Goldman Sachs official Tim Leissner, and Malaysian financier Low Taek Jho over the alleged theft of billions of dollars from 1Malaysia Development Berhad (1MDB).

Leissner, a former partner for Goldman Sachs in Asia, pleaded guilty to conspiring to launder money and violate the Foreign Corrupt Practices Act, while Low has denied wrongdoing and remains at large.

Malaysian prosecutors have filed separate criminal charges against the three, as well as an application to extradite Ng to the United States.

Goldman Sachs has consistently denied wrongdoing. "

https://www.reuters.com/article/us-malaysia-politics-1mdb-goldman-idUSKCN1P10AT