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1MDB scandal: Malaysian bank AmBank to pay $699 million as settlement © Faizan Javed 1MDB scandal: Malaysian bank AmBank to pay $699 million as settlement AmBank Group Malaysia, the Malaysian bank that highlighted the 1MDB scandal, has agreed to pay 2.83 billion ringgit ($699 million) to the government as a settlement. The payment by AMMB Holdings Bhd is for all outstanding claims and actions in relation to the AmBank Group s involvement in the 1MDB matter, Malaysia s finance ministry said, as quoted by Bloomberg. The finance ministry s statement did not specify what AMMB s wrongdoing was or what the lender was penalised for, the report said. AMMB said the settlement would have a material impact on its earnings for the year ended March 2021.

Saudi arabiaNajib razakFaizan javedAmbank group malaysiaAmbank groupHoldings bhdBank group malaysiaPayment sumMalaysian prime minister najib razakAttorney generalசவுதி அரேபியாநஜிப் ர்யாஸக்பைசான் ஜாவெத்ஹோல்டிங்ஸ் ப்ட்வங்கி குழு மலேசியாகட்டணம் தொகை