Deloitte to pay RM324mil as settlement to the govt

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the settlement marked another success in the Malaysian government’s continuing recovery efforts against parties involved in 1MDB and SRC and its related entities.

PETALING JAYA: Following its RM2.83bil settlement with AMMB Holdings Bhd, the Malaysian government has agreed to a settlement of US$80mil (RM324mil) with Deloitte PLT in relation to the 1Malaysia Development Bhd (1MDB) scandal.

In a statement, the Finance Ministry (MoF) said Deloitte PLT had agreed to the settlement to resolve all claims related to its fiduciary duty on auditing the accounts of 1MDB and SRC International Sdn Bhd between 2011 and 2014.