1MDB settlement

Lawyer Rosli Dahlan is seeking punitive and exemplary damages from MACC for allegedly abusing the court process and slandering him.

Rosli Dahlan Saravana Partnership (RDS) has written to the 1Malaysia Development Berhad (1MDB) seeking the company's consent to provide the Malaysian Anti-Corruption Commission (MACC) with some of the

Goldman Sachs Group sued Malaysia in a British court as tensions escalate over settlement agreement on the bank's role in the 1MDB scandal.

KPMG has agreed to a settlement valued at RM333 million (US$80 million) to resolve all claims related to its fiduciary duties on auditing of 1MDB accounts for the period of 2010 to 2012.

MOF said the remaining payment of 1.03 billion ringgit will be settled in December 2021 and July 2022.

MOF says it is also negotiating a settlement with another auditor, KPMG, related to 1MDB.

The settlement amount to be paid to the government is nearly 30 per cent of AMMB's current market capitalisation of RM9.52 billion.

The formal signing of the agreement disclosed by Goldman in a regulatory filing in New York on Tuesday completes the settlement agreement.

Goldman Sachs has agreed to a total settlement of US$3.9 billion to resolve outstanding charges and claims related to the three bond transactions that the company had structured and arranged for 1MDB.

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