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