KPMG to pay govt RM333m in 1MDB settlement

KPMG to pay govt RM333m in 1MDB settlement

16/9/2021 1:25:00 PM

KPMG to pay govt RM333m in 1MDB settlement

It's one of the largest 1MDB-related settlements by an audit firm.

KPMG has agreed to a settlement valued at RM333 million (US$80 million) to resolve all claims related to its fiduciary duties on auditing of 1Malaysia Development Bhd (1MDB) 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...

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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...

KPMG setuju penyelesaian RM333 juta berkaitan akaun 1MDB | Harian MetroKuala Lumpur: Kementerian Kewangan mengumumkan bahawa KPMG telah bersetuju dengan penyelesaian bernilai RM333 juta (AS$80 juta) bagi memenuhi semua tuntutan yang berkaitan tanggungjawab fidusiari mereka dalam pengauditan akaun 1MDB untuk tempoh 2010 hingga 2012.

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?

1MDB to apply for substituted service in suit against Jho Low, five othersKUALA LUMPUR (Bernama): 1Malaysia Development Berhad (1MDB) will file an application for a substituted service order to serve a US$3.7837bil (RM15.75bil) writ of summons to fugitive businessman Low Taek Jho - better known as Jho Low, as well as his family members and an associate.

1MDB to apply for substituted service in suit against Jho Low, 5 individualsSummonses not served as they are not at their addresses, says lawyer.

Lawyer: 1MDB to apply for substituted service in RM15.7b suit against Jho Low, parents, siblings and Eric Tan | Malay MailKUALA LUMPUR, Sept 14 — 1Malaysia Development Berhad (1MDB) will file an application for a substituted service order to serve a US$3.7837 billion (RM15.75 billion) writ of summons to fugitive businessman Low Taek Jho or Jho Low, his family members and associate. Representing 1MDB, lawyer K. Siva...

KPMG setuju penyelesaian RM333 juta berkaitan akaun 1MDB | Harian MetroKuala Lumpur: Kementerian Kewangan mengumumkan bahawa KPMG telah bersetuju dengan penyelesaian bernilai RM333 juta (AS$80 juta) bagi memenuhi semua tuntutan yang berkaitan tanggungjawab fidusiari mereka dalam pengauditan akaun 1MDB untuk tempoh 2010 hingga 2012.

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