Malaysian Bank That Highlighted 1MDB Scandal to Pay $699 Million
Photographer: Mohd Rasfan/AFP/Getty Images
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The Malaysian lender that held former Prime Minister Najib Razak’s bank accounts, which put a spotlight on the country’s 1MDB scandal, has agreed on a settlement with the government.
AMMB Holdings Bhd. will pay 2.83 billion ringgit ($699 million) in a settlement over its involvement in transactions related to state investment company 1MDB.