AMMB agrees to RM2.83bil global settlement over 1MDB

KUALA LUMPUR: AMMB Holdings Bhd have agreed to a massive RM2.83bil global settlement on all outstanding claims and actions in relation to the AmBank Group’s involvement in the 1Malaysia Development Bhd (1MDB) matter.

This latest global settlement is part of the Malaysian Government’s continuing recovery efforts that it is pursuing against all parties directly or indirectly involved in 1MDB and its related entities.