⚖️ Standard Chartered Faces $2.7B Lawsuit Over 1MDB Scandal
Singapore’s High Court has been served with a landmark $2.7 billion lawsuit brought by liquidators of Malaysia’s notorious 1MDB sovereign wealth fund. They allege that Standard Chartered enabled more than 100 intra-bank transfers between 2009 and 2013 that helped conceal misappropriated funds, including payments to former Malaysian Prime Minister Najib Razak and luxury purchases for his…