1MDB to Proceed With $394 Million Legal Claim Against BSI
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1Malaysia Development Bhd. said its legal claim against BSI Bank Ltd. will proceed after the High Court in Singapore dismissed the bank’s application to strike out the case.
1MDB and its subsidiary, Brazen Sky, are seeking $394 million from BSI Bank for the losses it suffered from schemes orchestrated through accounts at the bank, which was placed under liquidation in 2017, the troubled state fund said late Thursday.