Singapore Court Grants Winding up Bids for Three Entities Linked to 1MDB Scandal, Liquidators Say

Singapore court grants winding up bids for three entities linked to 1MDB scandal, liquidators say

KUALA LUMPUR: The Singapore High Court has granted winding up applications filed for three entities incorporated in the British Virgin Islands and linked to the multibillion-dollar scandal at Malaysian state fund 1Malaysia Development Berhad (1MDB), liquidators recovering assets for 1MDB said on Friday (May 15).

Singapore High Court grants wind-up of firms linked to 1MBD scandal

It means the liquidators can now bring statutory claims against Standard Chartered Bank and BSI Bank The post Singapore High Court grants wind-up of firms linked to 1MBD scandal appeared first on Investment International.

S’pore court grants winding-up petitions for 3 firms in 1MDB scandal

In March, the Singapore High Court rejected Standard Chartered and BSI Bank’s application to be part of winding-up applications for the three 1MDB-linked firms as they did not meet the criteria as contingent creditors. PETALING JAYA: The Singapore High Court has granted winding-up applications for three British Virgin Island-incorporated entities linked to the 1MDB scandal. Liquidators Angela Barkhouse and Toni Shukla of Kroll Limited said the c…

Singapore court grants winding up bids for three entities linked to 1MDB scandal

The Singapore High Court has granted winding up applications filed for three entities incorporated in the British Virgin Islands and linked to the multibillion-dollar scandal at Malaysian state fund 1MDB, liquidators recovering assets from the fund said on Friday. The court decision will enable the liquidators to bring further statutory claims against Standard Chartered Bank and BSI Bank in Singapore over their roles in allegedly facilitating th…

Singapore court grants winding up bids for 3 entities linked to 1MDB ...

KUALA LUMPUR — The Singapore High Court has granted winding up applications filed for three entities incorporated in the British Virgin Islands and linked to the multibillion-dollar scandal at Malaysian state fund 1Malaysia Development Berhad (1MDB), liquidators recovering assets for 1MDB said on Friday (May 15).The court decision will enable the liquidators to bring further statutory claims, to be filed...

Court nod to wind up 1MDB scandal-linked entities paves way for bank claims by foreign liquidators

Statutory claims against Standard Chartered, BSI Bank will be filed in ‘short order’