Deloitte reaches $80m settlement in Malaysia over 1MDB claims
Finance ministry says it's the largest 1MDB-related settlement by an audit firm in Southeast Asia
Deloitte agreed to a 324-million ringgit ($80m) settlement with the Malaysian government to resolve all claims related to the firm’s audit of 1MDB and its former unit SRC International between 2011-2014.
The payout is the largest 1MDB-related settlement by an audit firm in Southeast Asia, the finance ministry said in a statement on Wednesday. It comes less than a week after a local lender agreed to a 2.83-billion ringgit settlement over its involvement in transactions related to the state investment company...