KUALA LUMPUR, Aug 22 (Bernama) — The government and JPMorganChase had resolved all matters relating to 1Malaysia Development Bhd (1MDB), with the American bank set to pay RM1.4 billion (US$330 million) to Malaysia’s Assets Recovery Trust Account, according to the Finance Ministry (MoF).
“The settlement agreement resolves all existing and potential claims and binds both parties from any future claims or litigations related to 1MDB,” the ministry said in a statement today.
MoF said each party would also withdraw all pending appeals connected with the lawsuit previously filed by 1MDB against J.P. Morgan (Switzerland) Ltd at the Kuala Lumpur High Court.
Previously, the ministry announced that since the Asset Recovery Trust Account was established in December 2018, the government has successfully recovered a total of RM29.7 billion linked to 1MDB and its former subsidiary, SRC International Sdn Bhd, with RM10.9 billion recovered from 2022 up to June 30, 2025.
— BERNAMA
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