Securities Commission Malaysia Issues Maximum Fine for Deloitte Related to 1MDB Audits
On Jan. 30, 2019, the Securities Commission Malaysia, the country's securities and corporate regulator, announced that Deloitte would be fined the maximum amount allowable ($535,612) related to its audits of Bandar Malaysia and 1MDB Real Estate Sdn BHD (now known as TRX City Sdn Bhd) — both of which are controlled by the Malaysian sovereign wealth fund, 1Malaysia Development Bhd. (1MDB).
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