This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Deloitte fined $80 million in Malaysia over 1MDB audits

By Ben Lucas ( March 4, 2021, 05:17 GMT | Insight) -- Deloitte has been forced to pay 324 million ringgit ($80 million) to the Malaysian government over its auditing of 1Malaysia Development Berhad — the sovereign wealth fund at the heart of the corruption scandal that brought down former Prime Minister Najib Razak. The settlement is the latest in a series of deals linked to the 1MDB affair, after Malaysian lender AmBank was forced to pay 2.83 billion ringgit and Goldman Sachs paid $2.5 billion to the government in similar settlements.Deloitte has been forced to pay 324 million ringgit ($80 million) to the Malaysian government over its auditing of 1Malaysia Development Berhad, or 1MDB — the sovereign wealth fund at the heart of the corruption scandal that brought down former Prime Minister Najib Razak....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections