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Malaysia's 1MDB sues Deutsche Bank, Coutts, JP Morgan to recoup $23 billion

Malaysia’s 1MDB sues Deutsche Bank, Coutts, JP Morgan to recoup $23 billion
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Last Updated: May 11, 2021, 12:14 AM IST
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Synopsis
1MDB is claiming $1.11 billion from Deutsche Bank (Malaysia) Bhd, $800 million from JP Morgan (Switzerland) Ltd and $1.03 billion from a Swiss-based Coutts unit, and interest payments from all of them, according to the lawsuit.
Agencies
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Malaysia’s now-defunct 1MDB state fund is suing units of Deutsche Bank, JP Morgan and Coutts & Co to recover billions in alleged losses from a corruption scandal at the fund, court documents seen by Reuters showed.
1MDB is claiming $1.11 billion from Deutsche Bank (Malaysia) Bhd, $800 million from JP Morgan (Switzerland) Ltd and $1.03 billion from a Swiss-based Coutts unit, and interest payments from all of them, according to the lawsuit. ....

Kuala Lumpur , Coutts Co , Jp Morgan , Deutsche Bank Malaysia Bhd , A Deutsche Bank , Deutsche Bank , Jp Morgan Switzerland Ltd , Swiss Based Coutts , குவாலா லம்பூர் , கொட்டஸ் இணை , ஜ்ப் மோர்கன் , டாய்ச் வங்கி மலேசியா ப்ட் , டாய்ச் வங்கி ,

Malaysia's 1MDB sues Deutsche Bank, JP Morgan and Coutts | 1MDB

State fund trying to recover billions in alleged losses from corruption scandal, according to court filings
A man walks past a 1MDB billboard in Kuala Lumpur in 2015. The now-defunct filed court documents on Friday. Photograph: Olivia Harris/Reuters
A man walks past a 1MDB billboard in Kuala Lumpur in 2015. The now-defunct filed court documents on Friday. Photograph: Olivia Harris/Reuters
Reuters
Mon 10 May 2021 12.04 EDT
Malaysiaâs now-defunct 1MDB state fund is suing subsidiaries of Deutsche Bank, JP Morgan and Coutts & Co to recover billions in alleged losses from a corruption scandal at the fund, according to court documents seen by Reuters. ....

Kuala Lumpur , Coutts Co , Jp Morgan , Deutsche Bank Malaysia Bhd , A Deutsche Bank , Deutsche Bank , Jp Morgan Switzerland Ltd , Swiss Based Coutts , குவாலா லம்பூர் , கொட்டஸ் இணை , ஜ்ப் மோர்கன் , டாய்ச் வங்கி மலேசியா ப்ட் , டாய்ச் வங்கி ,