Standard Chartered faces $2.7B lawsuit over alleged failures in 1MDB case

6 days ago 2
Standard Chartered

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Liquidators working to recover misappropriated funds from Malaysia’s 1MDB sovereign wealth fund have launched legal action against Standard Chartered (OTCPK:SCBFY) (OTCPK:SCBFF) in Singapore, alleging the bank played a role in facilitating fraud that resulted in more than $2.7 billion

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