Court maintains ex-investment director in 1MDB’s US$8b lawsuit
1MDB’s former investments director Kelvin Tan Kay Jin failed to strike out the sovereign wealth fund’s US$8 billion (RM33.5 billion) civil action against him.
The Kuala Lumpur High Court this afternoon dismissed Tan’s application to strike out the lawsuit over alleged fraud and misappropriation of 1MDB’s funds.
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