1malaysia development berhad

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JPMorgan settles 1MDB scandal with Malaysia

JPMorgan agrees to pay Malaysia $330 million to settle 1MDB claims

JPMorgan Chase will pay the Malaysian government $330 million to settle matters related to its role in the multibillion-dollar scandal at state fund 1MDB, both parties said on Friday. The settlement was announced as Swiss authorities separately found the U.

South China Morning Post · 14h

JPMorgan settles 1MDB scandal with Malaysia for US$330 million

The settlement resolves Malaysia’s civil lawsuit, while Swiss prosecutors found the bank negligent in preventing aggravated money laundering.

The Wall Street Journal on MSN · 22h

JPMorgan to Pay $330 Million Over 1MDB Transactions

The agreement settles claims that the lender facilitated $800 million of payments related to the looting of the Malaysian sovereign-wealth fund.

1Malaysia Development Berhad (1MDB)

A Malaysia-based sovereign wealth fund, 1MDB was established by the Malaysian government to drive strategic initiatives for the country’s long-term economic development. Headquartered in Kuala Lumpur, ...

Malaysia has recovered $9b in funds linked to 1MDB

The bulk has been channelled to finance debt repayments and fulfil the the state investment fund’s commitments. Read more at ...

9don MSN

Malaysia’s top court allows jailed ex-PM Najib to pursue legal bid for house arrest

Najib has been seeking to execute a royal order that would allow him to serve his sentence at home. Read more at straitstimes ...

The Diplomat11mon

Malaysia’s 1MDB Scandal and ‘The Siege Within’

The scandal surrounding One Malaysia Development Berhad – or 1MDB – tore Malaysia’s financial system to its core and reverberated in financial markets around the world for a decade ...

CNA12h

JPMorgan agrees to pay Malaysia US$330 million to settle 1MDB issues

JPMorgan Chase will pay the Malaysian government US$330 million as part of a settlement to resolve all matters related to its ...

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