S’pore High Court Clears Way for $3.5b Suit Against StanChart in 1MDB-Linked Claim to Proceed

S’pore High Court clears way for $3.5b suit against StanChart in 1MDB-linked claim to proceed

Singapore High Court allows a US$3.5 billion 1MDB-linked lawsuit against Standard Chartered to proceed, alleging anti-money laundering breaches. Read more at straitstimes.com.

StanChart Fails to Strike Out 1MDB-Related Claim

Efforts by Standard Chartered to strike out a claim by liquidators that the bank was allegedly involved in the 1MDB scandal have failed. Standard Chartered’s application to strike out a $2.7 billion 1MDB-related claim has been dismissed by the Singapore High Court. The claim alleges that the bank permitted over 100 intrabank transfers between 2009 and 2013 that «helped conceal the flow of stolen funds and chose to overlook obvious red flags in r…

Singapore court dismisses StanChart efforts to strike out US$2.7bn claim in 1MDB case

Standard Chartered Bank (Singapore) has failed to strike out claim by liquidators of the companies involved in 1MDB scandal The post Singapore court dismisses StanChart efforts to strike out US$2.7bn claim in 1MDB case appeared first on Investment International.

Singapore court clears way for US$2.7 billion suit against StanChart in 1MDB scandal-linked claim

Claims involve an alleged US$150 million deposit to Najib Razak and US$77 million for his wife Rosmah Mansor’s bags and jewellery