Reported about 13 hours ago
Malaysia's scandal-plagued state fund 1Malaysia Development Berhad (1MDB) has initiated legal proceedings against Amicorp Group and its CEO, claiming their involvement in facilitating over $7 billion in fraudulent transactions between 2009 and 2014. The legal claim, filed in the British Virgin Islands, implicates eight Amicorp entities in the alleged financial misconduct, with 1MDB estimating the claim's value at over $1 billion.
Source: YAHOO