Malaysia says Deloitte paid $80 million in 1MDB settlement

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FILE PHOTO: Traffic passes a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia

KUALA LUMPUR (Reuters) – Malaysia on Thursday said it had received $80 million from audit firm Deloitte PLT, as part of a settlement deal related to a multi-billion dollar scandal at 1Malaysia Development Berhad (1MDB).

Malaysia’s finance ministry said in a statement it is also negotiating a settlement with another auditor, KPMG, related to 1MDB. About 16.4 billion ringgit ($3.98 billion) in seized and repatriated 1MDB funds have been returned to Malaysia to date, the ministry said.

($1 = 4.1200 ringgit)

(Reporting by Joseph Sipalan; Editing by Ed Davies)

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