Ambank shareholders pay price of ‘rushed’ 1MDB settlement, says activist

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.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access!

Subscribe Now!

Sign up or sign in here to comment.


  • Those insiders should be taken to the court..
    Something fishy when these seven employees disposed shares about 2 - 3 days between each others.. Especially those that disposed on 29th Dec easy to prove what they knew before that...

    Posted 1 year ago by Against Corruption