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Malaysia Gets AMMB’s First Tranche of $432 Million in 1MDB Case

Malaysia received the first payment of 1.8 billion ringgit ($432 million) from AMMB Holdings Bhd. in settlement over the local lender’s involvement in the 1MDB scandal, according to the finance ministry.

The government will get the remaining 1.03 billion ringgit from AMMB in two tranches of 515 million ringgit each in December 2021, and July 2022, the ministry said in a statement on Friday.