Standard Chartered Faces $2.7 Billion Lawsuit Over 1MDB Scandal
Standard Chartered Bank’s Singapore branch is facing a massive $2.7 billion lawsuit. Liquidators allege the bank helped facilitate a massive fraud scheme linked to the 1MDB scandal. The Allegations The lawsuit, filed by liquidators from Kroll, claims Standard Chartered knowingly ignored red flags and processed over 100 internal transfers between 2009 and 2013. These transfers,…
