Malaysia says Deloitte paid $80 million in 1MDB settlement

Reuters

03/06/2021

05:27 MYT

Malaysia says Deloitte paid $80 million in 1MDB settlement

Malaysia receives $80 million from audit firm Deloitte PLT, as part of a settlement deal related to 1MDB. REUTERSpic

KUALA LUMPUR: 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.