1MDB's $394m claim against BSI Bank for alleged unauthorized fund transfers & money laundering in the 1MDB scandal proceeds in Singapore's High Court.

1MDB's $394m claim against BSI Bank for alleged unauthorized fund transfers & money laundering related to the 1MDB scandal is allowed to proceed in Singapore's High Court, after dismissing BSI's attempt to strike out the claim. The 1MDB case accuses BSI and former bank staff of facilitating the transfers, contributing to misappropriated assets. This decision follows the conviction of three former BSI bankers in Singapore.

August 29, 2024
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