Ambank to pay RM2.83 billion to settle 1MDB claims
Banking group to also take steps to correct due diligence framework.
Copy URLAmbank Group will pay RM2.83 billion to settle outstanding claims and actions in relation to its involvement in 1MDB scandal, on top of a RM53.7 million penalty imposed by Bank Negara. – EPA pic, February 26, 2021.AMMB Holdings Bhd has agreed to pay the government RM2.83billion to settle all outstanding claims and actions in relation to its involvement in the 1Malaysia Development Bhd (1MDB) scandal.
In a statement today, the Finance Ministry said the settlement, which has global coverage, is part of the government’s efforts to recover from various parties funds and assets directly or indirectly linked to the investment fund Read more: TheMalaysianInsight »
Suspected suicide bombing at Indonesian church wounds 14 people
Two suspected suicide bombers blew themselves up outside a Catholic church in the Indonesian city of Makassar on Sunday, wounding fourteen people on the first day of the Easter Holy Week, the country's national police said.