Malaysia says Deloitte paid $80 million in 1MDB scandal settlement

Malaysia said it had received $80 million from audit firm Deloitte PLT, as part of a settlement deal related to a multi-billion dollar scandal at 1Malaysia Development Berhad

1MDB
Photo: Bloomberg
Reuters KUALA LUMPUR
1 min read Last Updated : Jun 03 2021 | 8:48 AM IST

KUALA LUMPUR (Reuters) - Malaysia on Thursday said it had received $80 million from audit firm Deloitte PLT, as part of a settlement deal related to a multi-billion dollar scandal at 1Malaysia Development Berhad (1MDB).

Malaysia's finance ministry said in a statement it is also negotiating a settlement with another auditor, KPMG, related to 1MDB. About 16.4 billion ringgit ($3.98 billion) in seized and repatriated 1MDB funds have been returned to Malaysia to date, the ministry said.

($1 = 4.1200 ringgit)

 

(Reporting by Joseph Sipalan; Editing by Ed Davies)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

More From This Section

Topics :1MDB scandalMalaysiaDeloitte

First Published: Jun 03 2021 | 8:47 AM IST

Next Story