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JPMorgan pays $330M to settle Malaysian 1MDB fund scandal claims
New York Post·2025-08-22 23:03

Banking giant JPMorgan Chase has agreed to hand over 330milliontoresolveallegationsitenabledthetheftofbillionsfromMalaysiasgovernmentinvestmentfundinahistoricfinancialfraudcase.MalaysianofficialsfiledsuitagainstthebanksSwissdivisionin2021,accusingitofprocessing330 million to resolve allegations it enabled the theft of billions from Malaysia’s government investment fund in a historic financial fraud case.Malaysian officials filed suit against the bank’s Swiss division in 2021, accusing it of processing 800 million in suspicious transfers from the 1MDB state fund to a bogus business partnership.Friday’s settlement announcement puts an end to all legal disputes stemming from JPMorgan’s involvement in the massive ...