JPMorgan Chase will pay the Malaysian government US$330 million as part of a settlement to resolve all matters related to its role in the multibillion-dollar scandal at state fund 1MDB, both parties said on Friday.
Malaysian and US investigators say at least US$4.5 billion was stolen from 1Malaysia Development Berhad (1MDB) in a globe-spanning scheme between 2009 and 2014.
In 2021, 1MDB sued a unit of JPMorgan, along with those of Deutsche Bank and Coutts & Co, to recover alleged losses from the…
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