KPMG to pay govt RM333m in 1MDB settlement

KPMG has agreed to a settlement valued at RM333 million to resolve all claims related to its fiduciary duties on auditing of 1Malaysia Development Bhd accounts for the period of 2010 to 2012, the Finance Ministry said.

The settlement with KPMG, valued at more than 800 times the audit fees earned by KPMG, represents one of the largest 1MDB-related settlements by an audit firm in Southeast Asia, it said in a statement today...

So little? Should be 3 billion

So is really real no fake about 1mdb..rafizi is a genius

Great! Btw, has there been any proper audit conducted to show all the returned or collected 1MDB monies are being used diligently!

Eyhhhhh.... ingatkan 1MDB ni takdak masalah....kan 1rmf5 ? 😐

What’s the meaning or value of fiduciary duty? Nvm, don’t bother. Boleh kaotim.

And nobody goes to jail? why?

tzafrul_aziz who gave you the authority to settle for the People Of Malaysia ? Partners of DELOITTE & KPMG must stand trial first. Then jailed and pay the fine. Not settle You implying your boss brother can settle too ? Malaysia crimes like speedticket ? Settle with discount?

Why 300 millions? Why not 3 billions? 🤔

Aik, ada masaalah ke 1MDB ni sampai external auditor kena bayar settlement?

This rotten episode is a grim reminder and warning that Professional Bodies may not have the good sense of integrity that the Public assume as the truth.

NajibRazak komen la sikit...

Padan muka

Pay the penalty and run like hell. Gatekeeper that almost ruined a nation. Cheap escape

roshaaen11 👀 what’s your say in this bossku?

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