Back 01 Jul 2025

Standard Chartered Bank faces US$2.7 billion lawsuit in Singapore over alleged role in 1MDB fraud ​  

Summary: Liquidators for 1MDB filed a lawsuit against Standard Chartered Bank in Singapore, alleging the bank enabled fraud by facilitating over 100 intrabank transfers between 2009 and 2013. The liquidators claim the bank overlooked red flags, leading to financial losses.

Link: https://www.channelnewsasia.com/business/standard-chartered-bank-1mdb-enabling-fraud-lawsuit-singapore-5213426