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.

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 ...

The insolvent 1MDB alleges that Amicorp, with its headquarters in Hong Kong, created and managed a complex conspiracy consisting of layers of shell companies, sham transactions, and fraudulent ...

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 ...

1MDB, as the fund is known, together its subsidiaries and liquidators, had filed the suit on Dec 20 against Amicorp for facilitating fraudulent transactions. “Amicorp strongly denies the allegations ...