DBS Bank Sued for $1 Billion in 1MDB-Linked Claim

Key facts

• DBS Bank has been sued for US$1 billion.
• The lawsuit is connected to the 1MDB scandal.
• The claim alleges the bank facilitated transactions linked to the Malaysian state fund's alleged fraud.

Singapore's DBS Bank is facing a US$1 billion lawsuit that alleges the bank facilitated transactions linked to the 1MDB scandal. The Malaysian state fund was at the center of a massive fraud scheme.

The claim asserts that DBS Bank played a role in the alleged fraudulent activities connected to 1MDB.