1MDB Sues Deutsche Bank, Others For $23B Over Scandal

Law360, London (May 10, 2021, 2:23 PM BST) -- Deutsche Bank and a Citigroup Inc. executive are among the targets of nearly two dozen lawsuits filed by Malaysia's 1MDB as the southeast Asian country seeks to recover assets worth more than $23 billion embezzled from its state investment fund.

Malaysia's state investment fund has filed a combined 22 lawsuits against individuals and financial institutions including Deutsche Bank. (iStock) Malaysia's finance ministry said on Monday that 1MDB and a subsidiary, SRC International, have filed a combined 22 suits against individuals and financial institutions accusing them of wrongdoing including fraud and breach of trust in connection with losses the country claims it...

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