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Malaysia receives RM340 million from audit firm KPMG in 1MDB settlement

The government has so far repaid RM13.3 billion of 1MDB's debt.

Reuters
1 minute read
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1MDB's outstanding debt as of Dec 31 last year was RM38.81 billion. Photo: AFP
1MDB's outstanding debt as of Dec 31 last year was RM38.81 billion. Photo: AFP

The finance ministry said today it has received RM340.92 million (US$81.69 million) from audit firm KPMG as settlement for a suit filed by state investment firm 1MDB.

In a statement, it said the government has repaid RM13.3 billion of 1MDB’s debt so far, which the outstanding amount as at Dec 31 was RM38.81 billion.

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Tags1MDBSettlementKPMGFinance Ministry
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