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JP Morgan to pay Malaysia $330 million to resolve matters related to 1MDB, joint statement says
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 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, ...
The bulk has been channelled to finance debt repayments and fulfil the the state investment fund’s commitments. Read more at ...
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 ...
Malaysia's top court on Wednesday (Aug 13) dismissed an appeal by the attorney-general to block jailed ex-premier Najib Razak ...
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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