Construction site site in Kuala Lumpur for one of 1MDB s urban projects Malaysia is suing units of Deutsche Bank, JPMorgan and private bank Coutts and a number of individuals including the country’s former prime minister Najib Razak to recover some more parts of losses totaling $23 billion from a corruption scandal at now-defunct state fund 1Malaysia Development Berhad, or 1MDB, The Edge and Financial Times reported. Among the banks, Malaysia through the legal entity of 1MDB is claiming $1.11 billion from Deutsche Bank (Malaysia), $800 million from JPMorgan (Switzerland) and $1.03 billion from a Swiss Coutts unit, plus interest. The.
Construction site site in Kuala Lumpur for one of 1