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,Ambank Group is paying RM2.83 billion to settle all outstanding claims and actions in relation to its involvement in the 1MDB scandal, on top of a RM53.7 million penalty imposed by Bank Negara. – EPA pic, March 13, 2021. AMMB Holdings Bhd’s settlement with the Finance Ministry over the bank’s role in the 1MDB scandal appeared to be a rushed deal that let the wrongdoers off scot-free, said a corporate governance advocate.Lya Rahman told Focus Malaysia the settlement deal seemed to be “a last-minute decision” that would negatively affect the bank’s minority shareholders.
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