S'pore court allows 1MDB's US$394m claim against BSI to proceed
This article is 20 days 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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