Malaysia, 1MDB seeking more than US$5.6b in damages from KPMG partners Toggle share menu
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The logo of 1Malaysia Development Berhad is seen. (File photo: AP)
10 Jul 2021 11:55AM (Updated:
10 Jul 2021 06:05PM) Share this content
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KUALA LUMPUR: Malaysia s government and state fund 1Malaysia Development Berhad (1MDB) are seeking more than US$5.6 billion in damages from KPMG partners for alleged breaches and negligence linked to a corruption scandal at the fund, court documents seen by Reuters showed.
Audit firm KPMG on Friday (Jul 9) denied the allegations and pledged to vigorously contest the suit filed against 44 current and former partners and linked to its audit of 1MDB s financial statements between 2010 to 2012.
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