1MDB-Linked Firms Put Into Chapter 15 as Liquidators Seek Assets
- Petition dated Feb. 15 filed in Southern District of Florida
- Malaysia’s 1MDB scandal has shaken the world of finance
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Liquidators of companies linked to the 1Malaysia Development Bhd scandal have filed for Chapter 15 under the US bankruptcy code, as they look to recover assets.
A petition listing 1MDB Energy Holdings Ltd, Platinum Global Luxury Services Ltd, Aabar International Investments PJS Ltd, Blackrock Commodities (Global) Ltd, and Alsen Chance Holdings Ltd - all registered in the British Virgin Islands - was submitted in the Southern District of Florida court, dated Feb. 15.