KPMG's refusal to sign off on the financial statement ultimately led to its removal as 1MDB's auditor by the board of directors. They were subsequently replaced by Deloitte. On Oct 30 last year, Judge ...

Ex-1MDB chairman Che Lodin Wok Kamaruddin (left) told the High Court that former prime minister Najib Razak had instructed the company’s management to cooperate with KPMG on its audit inquiry.

KUALA LUMPUR: The High Court was told that the removal of KPMG as 1Malaysia Development Bhd (1MDB) auditor was not a decision by Datuk Seri Najib Razak. Instead, the decision was by the 1MDB board ...

KUALA LUMPUR: KPMG was replaced as the auditor of 1Malaysia Development Bhd (1MDB) due to an “impasse” that could not be resolved between the audit firm and the company, the High Court has ...

Feb. 24, 2022 : An earlier version of this article misstated the amount of the bonds Goldman Sachs was trying to underwrite for the 1MDB fund. It was $6.5 billion, not million.

KPMG has paid $80m to the Malaysian government, in the form of an out-of-court settlement, after Malaysia sued the Big Four firm over the 1MDB scandal, which saw billions stolen from Malaysia’s ...

Malaysia says it has recovered enough funds linked to scandal-tainted state fund 1Malaysia Development Berhad (1MDB) to pay off only the principal amount of the debt still owed by the firm this year.

Nazir Razak, who built CIMB from an obscure Malaysian merchant bank to a pan-regional universal player, is the youngest of five brothers. The eldest, Najib, was the prime minister who was convicted ...