Malaysia Fines Deloitte for Failing to Report 1MDB Oddities

Malaysia Fines Deloitte for Failing to Report 1MDB OdditiesThe Securities Commission imposed a 2.2 million ringgit ($536,000) fine on Deloitte for failing to immediately report irregularities in a 2.4 billion ringgit Islamic bond sale that may have had material effect on 1MDB’s ability to repay creditors. Deloitte was the auditor for 1MDB units Bandar Malaysia Sdn, the sukuk issuer, and 1MDB Real Estate Sdn for financial years ended March 2015 and 2016.




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