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South China Morning Post
Singapore’s DBS sued for US$1 billion in alleged 1MDB-linked claim
Singapore’s DBS Bank is being sued for an estimated S$1.298 billion (US$1.03 billion) in damages linked to the multibillion-dollar 1MDB scandal, Southeast Asia’s largest lender DBS Group has said. The claimants include the liquidators of four companies: BlackRock Commodities (Global), Platinum Global Luxury Services, Affinity Equity International Partners and TKIL Global Investments. The liquidators did not immediately respond to Reuters requests for comment. DBS on Wednesday rejected the...
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