Malaysia receives RM340.92mil from KPMG in 1MDB settlement

KUALA LUMPUR: The Government has received RM340.92mil from audit firm KPMG as settlement for a suit filed by state investment firm 1Malaysia Development Bhd (1MDB).

In a statement Thursday, the Finance Ministry said to date, the Trust Account – under the custody of the Accountant General’s Department of Malaysia – had received a total of RM19.138bil in connection with the 1MDB financial scandal.