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Malaysia in transition

Malaysia fines Deloitte for 1MDB negligence

Accountancy slapped with $537,000 penalty for failing to report irregularities

Malaysia fines Deloitte for negligence in its audit of 1MDB ahead of the issuance of a bond by the state fund's units.    © Reuters

KUALA LUMPUR -- The Malaysian capital markets regulator on Wednesday fined Deloitte 2.2 million ringgit ($537,000) for four breaches related to a bond issued by wholly owned units of scandal-tainted state fund 1Malaysia Development Berhad.

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