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Moody’s Investors Service says Malaysia's (A3 stable) credit profile is underpinned by its diversified, competitive and moderately large economy, ample natural resources and strong medium-term growth prospects.
The US Department of Justice has remitted about RM1.9bil (US$452.4mil) of seized 1MDB funds to the Malaysian government, according to a statement by the Finance Ministry.
KUALA LUMPUR: The Ministry of Finance (MoF) confirmed yesterday legal representatives of 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd had filed a total of 22 civil suits to recover RM96.6bil (US$23bil).
Zafrul: The government will not rest until all those involved are made fully accountable for the wrongdoings caused to the country through their involvement in 1MDB and/or SRC.
PETALING JAYA: The Finance Ministry (MoF) is negotiating a settlement with audit firm KPMG in relation to the 1Malaysia Development Bhd (1MDB), according to sources.
SHARES in AMMB Holdings Bhd, the country’s sixth largest bank by assets, tumbled to a four-month low on Wednesday after trade resumed following the announcement that it had agreed last week to accept a massive RM2.83bil global settlement over its role in the 1MDB scandal.
Payment is to resolve claims related to 1MDB and SRC
KUALA LUMPUR: Audit firm Deloitte PLT has agreed to a RM324mil (US$80mil) settlement to resolve all claims related to their fiduciary duty on auditing the accounts of 1MDB and SRC International Sdn Bhd for the period 2011 - 2014, the finance ministry said.
Bring home fugitive Jho Low to tell his side of the story