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=MALAYSIA PRESS: News Headlines On Friday, November 9

KUALA LUMPUR (Nov 09) -- Here’s a roundup of local news:

*Goldman's Blankfein Met Financier At Heart Of 1MDB Scandal

Former Goldman Sachs chief executive Lloyd Blankfein is the senior executive identified in court papers as having met with the man at the heart of the 1MDB scandal in 2009, two people familiar with the situation told the Financial Times. The Department of Justice said last week that a "high-ranking executive" at Goldman was present at a 2009 meeting between its bankers and Jho Low, the financier who has been charged for his role in a $2.7bn money laundering and bribery scandal. Court documents did not name the executive. Goldman has maintained it was duped by some of its Asia-based bankers - two of whom are facing criminal charges - and had no idea that Low was operating in the shadows of deals to raise $6.5 billion of debt for state investment fund 1MDB. - Financial Times

*Ex-Goldman Banker Ng Fights US Extradition Over 1MDB

A former Goldman Sachs Group Inc. banker is fighting extradition to the U.S., where he would face charges of money laundering and bribery related to scandal-plagued Malaysian state investment company 1MDB, according to people with knowledge of the matter. Roger Ng was arrested last week in Malaysia at the request of American authorities. He’s filing an application to review the U.S. detention and extradition order, said the people, who asked not to be identified as the deliberations are private. Separately, Ng and his family have agreed to surrender about S$40 million ($29 million) to authorities in neighboring Singapore, which would then repatriate the funds to Malaysia, the people said. - Bloomberg News

*Guan Eng: Malaysia Considers Introduction Of Unexplained Wealth Law - Report

Malaysia is looking at introducing legislation similar to the UK’s Unexplained Wealth Order, reports say. "UWO is a court order that compels a person to reveal their sources of unexplained wealth. Those who fail to account for their wealth will have their assets seized by the authorities," the reports say. - The Edge Markets

- By Kuala Lumpur Newsroom;; +60320267363
- Edited by Glen Nicol Perkinson
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