1MDB: RM1.8b settlement received from AMMB Holdings - MOF

The government has received RM1.8 billion from AMMB Holdings Bhd, representing the first tranche of the RM2.83 billion settlement related to 1MDB, the Ministry of Finance (MOF) announced today.

It said the monies have been deposited into Malaysia’s Assets Recovery Trust Account.

“The remaining settlement payment of RM1.03 billion...