US EditionJPMorgan Agrees to Pay Malaysia US$330 Million to Settle 1MDB Issues
- JPMorgan Chase will pay the Malaysian government US$330 million to resolve matters related to the multi-billion dollar scandal at state fund 1MDB, as stated by both parties.
- The settlement resolves all current and potential claims and prevents any future claims related to 1MDB, as detailed in their joint statement.
- Malaysia filed a lawsuit in 2021 against JPMorgan, alleging it processed US$800 million in suspicious transfers from 1MDB, according to court documents.
- The settlement also involves the withdrawal of all pending appeals from the lawsuit, as both parties noted in their announcement.
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Coverage Details
Total News Sources22
Leaning Left3Leaning Right2Center5Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 30%
C 50%
R 20%
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