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Scandal-hit 1MDB sues banks


May 12, 2021
Kuala Lumpur: Malaysian state fund 1MDB is suing units of Deutsche Bank, JPMorgan and Coutts, according to court documents, the latest effort to recover massive losses from the scandal-hit investment vehicle.
Billions of dollars were looted from 1Malaysia Development Berhad in a globe-spanning fraud that involved former prime minister Najib Razak, and spent on everything from real estate to artwork.
The scandal played a large part in Najib´s long-ruling coalition losing power in 2018, and authorities have since been trying to claw back money looted from state coffers.
1MDB is suing Deutsche Bank (Malaysia) for $1.11 billion, JPMorgan (Switzerland) for $800 million and a Swiss-based unit of Coutts for $1.03 billion, according to documents filed at Kuala Lumpur High Court on Friday. ....

Kuala Lumpur , Najib Razak , Deutsche Bank Malaysia , Kuala Lumpur High Court On , Goldman Sachs , Malaysia Development Berhad , Deutsche Bank , Development Berhad , Kuala Lumpur High Court , குவாலா லம்பூர் , நஜிப் ர்யாஸக் , டாய்ச் வங்கி மலேசியா , குவாலா லம்பூர் உயர் நீதிமன்றம் ஆன் , கோல்ட்மேன் சாக்ஸ் , டாய்ச் வங்கி , குவாலா லம்பூர் உயர் நீதிமன்றம் ,

Malaysia's Scandal-hit 1MDB Sues Banks


Malaysia s Scandal-hit 1MDB Sues Banks
05/11/21 AT 7:23 AM
Malaysian state fund 1MDB is suing units of Deutsche Bank, JPMorgan and Coutts, according to court documents, the latest effort to recover massive losses from the scandal-hit investment vehicle.
Billions of dollars were looted from 1Malaysia Development Berhad in a globe-spanning fraud that involved former prime minister Najib Razak, and spent on everything from real estate to artwork.
The scandal played a large part in Najib s long-ruling coalition losing power in 2018, and authorities have since been trying to claw back money looted from state coffers.
1MDB is suing Deutsche Bank (Malaysia) for $1.11 billion, JPMorgan (Switzerland) for $800 million and a Swiss-based unit of Coutts for $1.03 billion, according to documents filed at Kuala Lumpur High Court on Friday. ....

Kuala Lumpur , Najib Razak , Deutsche Bank Malaysia , Kuala Lumpur High Court On , Goldman Sachs , Malaysia Development Berhad , Deutsche Bank , Development Berhad , Kuala Lumpur High Court , குவாலா லம்பூர் , நஜிப் ர்யாஸக் , டாய்ச் வங்கி மலேசியா , குவாலா லம்பூர் உயர் நீதிமன்றம் ஆன் , கோல்ட்மேன் சாக்ஸ் , டாய்ச் வங்கி , குவாலா லம்பூர் உயர் நீதிமன்றம் ,

2 MACC officers file habeas corpus application for immediate release


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TWO Malaysian Anti-Corruption Commission (MACC) officers detained under the Security Offences (Special Measures) Act 2012 (SOSMA) and believed to be linked to the “Geng Nicky” organised crime syndicate, have filed a habeas corpus application to seek their immediate release.
The duo, aged 41 and 42, each filed the application through a notice of motion in the Kuala Lumpur High Court on May 5 through Messrs. Daim & Gamany.
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Kuala Lumpur , Daim Gamany , Geng Nicky , Kuala Lumpur High Court On , Corruption Commission , Anti Corruption Commission , Security Offences , Special Measures , Kuala Lumpur High Court , குவாலா லம்பூர் , குவாலா லம்பூர் உயர் நீதிமன்றம் ஆன் , ஊழல் தரகு , எதிர்ப்பு ஊழல் தரகு , பாதுகாப்பு குற்றங்கள் , சிறப்பு நடவடிக்கைகள் , குவாலா லம்பூர் உயர் நீதிமன்றம் ,