Malaysia says auditor KPMG to pay $80 million in 1MDB settlement
- Country:
- Malaysia
Malaysia said on Thursday audit firm KPMG has agreed to pay a 333 million ringgit ($80.11 million) settlement to resolve all claims related to their fiduciary duties on auditing of 1Malaysia Development Berhad (1MDB) accounts from 2010 to 2012.
The Finance Ministry said in a statement that the settlement will conclude a lawsuit filed against the auditor in July.
KPMG did not immediately respond to a request for comment. ($1 = 4.1570 ringgit)
ALSO READ
-
UN Expert Urges Malaysia to Halt Myanmar Returns as Refugees Face War and Violence
-
Malaysia’s Return of 1,476 People to Myanmar Raises UNHCR Fears Over Their Safety
-
Myanmar Market Airstrikes Kill at Least 50 as UN Urges Malaysia to Halt Deportations
-
ADB’s New Malaysia Office to Drive ASEAN Power Links and Unlock Private Investment
-
Najib Razak's House Arrest: A New Chapter in Malaysia's Political Drama
Google News