Deloitte Malaysia Has Been Raided In Connection With 1MDB Case
Deloitte Malaysia was raided by the police earlier today, 23 May
The raid at Deloitte's office in Taman Tun Dr. Ismail (TTDI) began at around noon today
Documents and files have been seized from the audit firm's office, reported The Star.
The raid was still ongoing as of 3.15pm.
Deloitte was the auditor for 1MDB before resigning in early 2016
According to The Straits Times, the audit firm was responsible for 1MDB units Bandar Malaysia, the sukuk (Islamic bond) issuer, and 1MDB Real Estate for financial years 2015 and 2016.
Deloitte was also slapped with a RM2.2 million fine earlier this year for failing to immediately report irregularities in a RM2.4 billion sukuk sale that may have had material effect on 1MDB's ability to repay creditors.