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Thursday, March 4, 2021

No compromise in bringing those involved in 1MDB to justice - minister

 


The government has never compromised in upholding justice and ensuring that those allegedly involved in the 1MDB affair to continue facing legal prosecution.

Finance Minister Tengku Zafrul Abdul Aziz (above) said the recent settlement with Deloitte was part of ongoing efforts by the government against all parties allegedly involved, directly or indirectly, with 1MDB and related entities.

The settlement with Deloitte is the largest 1MDB-related settlement with an audit firm in Southeast Asia, of which, Deloitte agreed to pay RM324 million to settle all claims related to their fiduciary obligations while auditing 1MDB and SRC International Sdn Bhd accounts for the period 2011-2014.

“This latest solution is beneficial for Malaysians. Resolving this matter through the court system will involve a lot of time and financial resources. 

"With this settlement, the payment of that amount will be expedited, and will not be delayed through a time-consuming court system,” Zafrul said in the 43rd Economic Stimulus Implementation and Coordination Unit Between National Agencies (Laksana) report today.

The finance minister said the settlement amount could also be used to fulfil 1MDB's outstanding obligations.

Zafrul said this global solution will also not affect or compromise Malaysia's claims on individuals such as Jho Low, Jasmine Loo and other related parties, and those still actively sought in connection with the 1MDB scandal.

Bernama

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