US Dept of Justice remits RM1 9b of seized 1MDB funds to Malaysia thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
Malaysia’s 1MDB and a former unit have filed suits against firms including JPMorgan Chase & Co. and Deutsche Bank AG as the nation seeks to recover assets worth more than $23 billion linked to the scandal-plagued state-owned investment fund. 1MDB, whose full name is 1Malaysia Development Bhd., and SRC International Sdn. filed a combined 22 civil suits against a slew of entities and individuals for various alleged wrongdoings including fraud and conspiracy to defraud the fund, the Finance Ministry said on Monday. Among those named were JPMorgan and Deutsche Bank, according to a person familiar with the matter who declined to be identified discussing non-public information.
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Malaysian agency warns of scrap metal import changes
An inspection agency based in Malaysia says the nation is ready to require preinspections and to ban lower grades of scrap.
A presentation by a Malaysia-based cargo inspection and certification service obtained by the Brussels-based Bureau of International Recycling (BIR) paints a picture of a nation preparing to enforce a stricter scrap metal import regimen.
According to Selangor, Malaysia-based SIRIM QAS International Sdn. Bhd., that nation’s Ministry of International Trade and Industry (MITI) could require all metal scrap export cargoes to Malaysia to be subject to a preshipment inspection process.