Malaysian court rejects appeals from 1MDB board members, who face $6.59B lawsuit for fund misuse.

The Federal Court in Malaysia has dismissed appeals from two former 1MDB board members, Kamal Mohd Ali and Norazman Ayob, meaning they will remain involved as third parties in a $6.59 billion lawsuit against the former chairman and CEO of 1MDB. The lawsuit accuses them of misusing funds from the Malaysian investment fund. The trial resumes on January 13, with the former CEO expected to testify.

2 months ago
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