Standard Chartered sued in US$2.7bn case tied to 1MDB

Standard Chartered Bank is facing a US$2.7 billion lawsuit filed by liquidators who allege the bank played a key role in facilitating the laundering of billions of dollars misappropriated from Malaysia’s state investment fund 1MDB. Legal proceedings were launched in Singapore on 30 June, according to a statement released on Tuesday. The claimants allege the bank of enabling more than…

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