1MDB advises caution on financial statements
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Kuala Lumpur
1MALAYSIA Development Bhd (1MDB) said its audited financial statements for 2013 and 2014 shouldn't be relied on after US prosecutors said more than US$3.5 billion was misappropriated from the fund during a period that included those years.
1MDB also said that its auditor Deloitte LLP is resigning and the company is seeking a replacement, according to a statement on Tuesday. It didn't give a reason for the departure but said that Deloitte, which notified 1MDB in February of its decision, will continue to audit its key subsidiaries.
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