Malaysia says Deloitte paid $106m in 1MDB settlement

KUALA LUMPUR (REUTERS) – Malaysia on Thursday (June 3) said it had received US$80 million (S$105.8 million) from audit firm Deloitte, 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 RM16.4 billion (S$5.3 billion) in seized and repatriated 1MDB funds have been returned to Malaysia to date, the ministry said.

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