Liquidators file legal proceedings against Standard Chartered Bank over 1MDB fraud
The liquidators are seeking to hold the bank accountable for its alleged role in enabling fraud related to the multibillion-dollar financial scandal, the statement said.
Three companies in liquidation linked to 1MDB say financial breaches and control failings by Standard Chartered between 2009 and 2013 led to financial losses of over $2.7 billion, the liquidators said.
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