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News

JPMorgan’s $330M payout to Malaysia explained

Reuters on MSN · 1d
JPMorgan agrees to pay Malaysia $330 million to settle 1MDB claims
JPMorgan Chase will pay the Malaysian government $330 million to settle matters related to its role in the multibillion-dollar scandal at state fund 1MDB, both parties said on Friday.
Financial Times · 1d
JPMorgan to pay $330mn to Malaysia to settle 1MDB claims
JPMorgan has agreed to pay $330mn to the Malaysian government to settle claims related to its role in the 1MDB financial scandal. In a joint statement with the Malaysian government on Friday, JPMorgan said it would contribute the amount to Malaysia’s Assets Recovery Trust Account “without admission of liability”.
South China Morning Post · 1d
JPMorgan settles 1MDB scandal claims with Malaysia for US$330 million
The settlement resolves Malaysia’s civil lawsuit, while Swiss prosecutors found the bank negligent in preventing aggravated money laundering.
10d

Malaysia has recovered $9b in funds linked to 1MDB

The bulk has been channelled to finance debt repayments and fulfil the the state investment fund’s commitments. Read more at ...
2don MSN

JPMorgan agrees to pay Malaysia $330 million to settle 1MDB issues

JPMorgan Chase will pay the Malaysian government $330 million as part of a settlement to resolve all matters related to its ...

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