A FORMER Goldman Sachs banker pleaded not guilty on Monday in New York to bribery and other charges in the multi-billion-dollar 1MDB scandal after being extradited from Malaysia.

Malaysian Ng Chong Hwa, 51, a former managing director at the bank charged in both Malaysia and the US over the 1MDB fraud, was extradited to the US on Friday, Malaysian attorney-general Tommy Thomas said.

Also known as Roger Ng, the defendant was arraigned before a federal magistrate judge in Brooklyn, pleading not guilty, according to a spokesman for the US Attorney’s office in the Eastern District of New York.

Ng’s attorney Marc Agnifilo said there were no “active” plea negotiations and that his client would consider “all options” after a judge said the two sides were in plea talks, Bloomberg reported.

Ng was granted bail after paying $1 million in cash for a $20 million bond, the spokesman said. He faces home detention with electronic monitoring.

A US indictment against Ng includes charges of conspiracy to commit bribery and conspiracy to commit money laundering.

Huge sums of public money were stolen from Malaysian state fund 1MDB and used to mass a trove of personal riches, including yachts and artwork, in a scheme allegedly overseen by former Premier Najib Razak and his cronies.

Goldman’s role is under scrutiny because the Wall Street bank helped arrange $6.5 billion in bonds for 1MDB.

Authorities in Malaysia accuse former employees and some of the bank’s subsidiaries of stealing $2.7 billion in the process and investigators believe cash was laundered through the US financial system.

Thomas said in a statement that an agreement had been reached for “a temporary surrender by Malaysia of Roger Ng for a period of 10 months to enable him to be extradited to the US and for the US prosecution to proceed first.”