1MDB Liquidators Seek New Claims After Singapore Ruling

1MDB liquidators will pursue statutory claims after a Singapore court dismissed their bid to sue Standard Chartered and BSI Bank today. They seek workarounds.

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Liquidators tasked with recovering assets for the 1MDB sovereign wealth fund in Malaysia have announced they will seek alternative legal routes after a court in Singapore dismissed their lawsuit against Standard Chartered Bank and BSI Bank. The decision, upheld on Wednesday, represents a hurdle in the ongoing efforts to reclaim funds linked to the global financial scandal.

A construction worker is seen at the Tun Razak Exchange development site in Kuala Lumpur, standing before a 1Malaysia Development Berhad (1MDB) billboard. REUTERS/Olivia Harris/File Photo
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