Malaysia says auditor KPMG to pay $80m in 1MDB settlement

Malaysia says auditor KPMG to pay $80m in 1MDB settlement

Photo: Reuters

Malaysia said on Thursday that audit firm KPMG has agreed to pay a 333 million ringgit ($80.11 million) settlement to resolve all claims related to their fiduciary duties on auditing of 1Malaysia Development Berhad (1MDB) accounts from 2010 to 2012.