Malaysia’s government has received RM340.92 million ($80 million) from international accounting firm KPMG in settlement over the firm’s fiduciary duties in auditing the accounts of scandal-hit state fund 1Malaysia Development (1MDB) from 2010 to 2012, its Finance Ministry said on Thursday. This follows KPMG’s agreement in September last year to settle a civil suit filed by 1MDB over the firm’s alleged negligence and breach of contract in its audit of the state fund’s financial statements. The settlement with KPMG was described as “one of the largest 1MDB-related settlements by an audit firm in Southeast Asia,” which valued at more than 800 times the audit fees earned by the company. The ministry said in a statement that the fund was deposited into Malaysia’s Assets Recovery Trust Account, which has received a total of RM19.138 billion ($4.5 billion) in seized funds related to the 1MDB financial scandal. The funds will be used …