Malaysia says auditor KPMG to pay $80 million in 1MDB settlement

September 16, 2021

KUALA LUMPUR (Reuters) – Malaysia said on Thursday audit firm KPMG has agreed to pay a 333 million ringgit ($80.11 million) settlement to resolve all claims related to their fiduciary duties on auditing of 1Malaysia Development Berhad (1MDB) accounts from 2010 to 2012.

The Finance Ministry said in a statement that the settlement will conclude a lawsuit filed against the auditor in July.

KPMG did not immediately respond to a request for comment.

($1 = 4.1570 ringgit)

(Reporting by Liz Lee; Editing by Martin Petty)

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