Deloitte to Pay Malaysia $80 Million in 1MDB-Related Settlement

Deloitte PLT agreed to a 324-million ringgit ($80 million) settlement with the Malaysian government to resolve all claims related to the firm’s audit of 1MDB and its former unit SRC International between 2011-2014.

The payout is the largest 1MDB-related settlement by an audit firm in Southeast Asia, the Finance Ministry said in a statement Wednesday. It comes less than a week after a local lender agreed to a 2.83-billion ringgit settlement over its involvement in transactions related to the state investment company.

“This marks another success in the Malaysian government’s continuing recovery efforts against parties involved in 1MDB, SRC and ...