S'pore court allows 1MDB's US$394m claim against BSI to proceed
This article is 2 months old
The High Court in Singapore today dismissed BSI Bank Limited’s application to strike out 1Malaysia Development Berhad’s (1MDB) claim against it, involving the sum of US$394 million (RM1.7 billion).
The claim alleges that BSI and several of its former officers had facilitated unauthorised fund transfers and money laundering schemes in the misappropriation of 1MDB funds.
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