Malaysia says auditor KPMG to pay $80 million in 1MDB settlement By Reuters
KUALA LUMPUR – KPMG audit has agreed to pay $80 million to Malaysia to end all claims relating their fiduciary duties in auditing 1Malaysia Development Berhad (MDB) accounts 2010-12.
In a statement, the Finance Ministry stated that this settlement would end a July lawsuit against KPMG.
KPMG has not yet responded to my request for comment.
($1 = 4.1570 ringgit)
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