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September 27, 2023

When accounting goes unaccounted for

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Deloitte Just Gave the Malaysian Government Several Wheelbarrows Full of Ringgit (UPDATE: KPMG Pays Up Too)

by Jason Bramwell

[Updated article originally posted on June 3, 2021 with additional information about KPMG settlement.] From the Ministry of Finance in Malaysia on June 3: The Government has received a settlement payment of RM336 million (US $80 million) related to 1Malaysia Development Bhd (1MDB) from Deloitte PLT. In a statement today, the Ministry of Finance (MoF) […]