PUTRAJAYA: The 1Malaysia Development Bhd (1MDB) special task force that was set up in 2015 to investigate the company's misconduct was essentially an illegitimate body, the High Court told.

The claim, among one of the biggest filed by 1MDB related to the multibillion dollar graft scandal, was filed in the British Virgin Islands against eight Amicorp entities and its Chief Executive ...

Outcry over the alleged looting of 1MDB has reverberated around the world, with authorities in at least six countries probing a vast web of financial transactions stretching from Swiss banks to ...

SCANDAL-HIT Malaysian state fund 1MDB and its subsidiaries have filed a claim against Amicorp and co-founder Toine Knipping for allegedly facilitating more than US$7 billion in fraudulent transactions ...

PUTRAJAYA: The High Court was told that 1Malaysia Development Bhd (1MDB) benefitted the country despite the massive debt it incurred. Datuk Seri Najib Razak disagreed with the prosecution's ...

1MDB’s lawsuit seeks to hold Amicorp accountable for its alleged role in enabling the fraud. By pursuing $1 billion in damages, the state fund aims to recover a portion of the estimated $7 ...

The former prime minister says 1MDB’s problem was due to ‘systemic failure on the execution of decisions at the management level’. Former prime minister Najib Razak today denied that state ...

1MDB has alleged Hong Kong-headquartered Amicorp and its CEO played a vital role in enabling the Malaysian fund to be defrauded between 2009 and 2014. The claim is one of the biggest filed by 1MDB ...

Malaysian and U.S. investigators have previously estimated $4.5 billion was siphoned away from 1MDB in a complex, globe-spanning scheme that implicated former Malaysian Prime Minister Najib Razak ...

1MDB alleges Amicorp facilitated $7 bln in fraudulent transactions Claim filed in British Virgin Islands against 8 Amicorp entities, CEO Amicorp accused of creating complex conspiracy with shell ...

KUALA LUMPUR (Reuters) -Amicorp Group has said it will dispute a claim for more than $1 billion filed by scandal-hit Malaysian fund 1MDB, denying allegations it knowingly facilitated more than $7 ...