1malaysia development berhad

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JPMorgan settles 1MDB scandal with Malaysia

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

JPMorgan Chase will pay the Malaysian government $330 million as part of a settlement to resolve all matters related to its role in the multi-billion dollar scandal at state fund 1MDB, both parties said on Friday.

South China Morning Post · 1d

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 · 1d

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.

10d

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, ...

10d

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 ...

10don MSN

Malaysia's top court dismisses appeal against jailed ex-PM Najib's house arrest bid

Malaysia's top court on Wednesday (Aug 13) dismissed an appeal by the attorney-general to block jailed ex-premier Najib Razak ...

CNA1d

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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