Malaysia’s AmBank pays $432 million in 1MDB settlement – finance ministry

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The remaining payment of 1.03 billion ringgit will be settled in December 2021 and July 2022, the finance ministry said in a statement.

AmBank said in February it will pay the government 2.83 billion ringgit ($699 million) to settle claims linked to 1MDB, a hefty sum that is expected to have a material impact on the group’s earnings.

($1 = 4.1630 ringgit)