BSI Bank owners fail to strike out 1MDB's US$394 million claim in Singapore Court

Written by PR Newswire

SINGAPORE, Aug. 29, 2024 /PRNewswire/ -- In a significant legal development, the High Court of Singapore has dismissed an application by BSI Bank Limited (now in liquidation) (BSI) to strike out the US$394 million claim brought against it by 1Malaysia Development Berhad (1MDB) and its subsidiary, Brazen Sky Limited.

The case, which commenced...

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