Singaporeโs DBS sued for US$1 billion in alleged 1MDB-linked claim
Singaporeโs DBS Bank is being sued for an estimated S$1.298 billion (US$1.03 billion) in damages linked to the multibillion-dollar 1MDB scandal, Southeast Asiaโs largest lender DBS Group has said. The claimants include the liquidators of four companies: Blackrock Commodities (Global), Platinum โ Global Luxury Services, Affinity Equity International Partners and TKIL Global Investments. The โliquidators did not immediately respond to Reuters requests for comment. DBS rejected the claim and said on...