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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

Deloitte becomes third auditor in a row to quit scandal-hit 1MDB

Posted on 28 July 2016

Deloitte has resigned as auditor of 1Malaysia Development Berhad, as the scandal surrounding the Malaysian state investment fund reverberates through the global financial system.
1MDB said late on Tuesday that its 2013 and 2014 audited financial statements should no longer be relied on following a US Department of Justice complaint last week alleging an international scheme to siphon more than $3.5bn from the fund………………………………………..Full Article: Source


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