Ng will be required upon returning to the US to begin his prison term, prosecutors said in an earlier letter to the judge.

Roger Ng was convicted in March 2022 on bribery and money laundering conspiracy charges.

The prime minister says Malaysia is re-evaluating the deal as the settlement sum is small.

His lawyer Muhammad Shafee Abdullah says the appeals are withdrawn without prejudice to be reargued at all levels of the court.

Goldman has been criticised over its multiple roles with SVB, in which it was both advising the California bank and purchasing distressed debt in a deal that ultimately played a central role in its collapse.

Prime Minister Anwar Ibrahim says a government task force looking into 1MDB issues is scrutinising the 2020 deal with Goldman.

The judge says Ng 'played a role in one of the largest financial crimes of all time'.

Roger Ng's lawyers ask the court to show mercy and to sentence him to the prison time he has already served in Malaysia.

Shareholders had sought to hold Goldman chief executive David Solomon, his predecessor and others responsible for 'conscious disregard of their oversight obligations' as the bank missed 'red flags' of the fraud.

The jury convicted Ng of two counts of conspiracy to violate the Foreign Corrupt Practices Act and one count of conspiracy to commit money laundering.

Assistant US attorney Alixandra Smith says the harm to the people of Malaysia was 'immeasurable'.

Lim Hwee Bin says none of the millions to be transferred to her account by Tim Leissner's wife Judy Chan was from 1MDB.