Singapore Court Clears Way for US$2.7 Billion Suit Against Standard Chartered over Alleged Role in 1MDB Fraud

Singapore court clears way for US$2.7 billion suit against Standard Chartered over alleged role in 1MDB fraud

SINGAPORE: A Singapore court has cleared the way for a US$2.7 billion lawsuit against Standard Chartered Bank over its alleged role in 1MDB fraud, liquidators seeking to recover the funds said

Saudi Aramco Weighs Raising Billions of Dollars From Its Biggest Disposals Yet

Saudi Aramco weighs raising billions of dollars from its biggest disposals yet

Saudi Aramco is exploring significant asset sales, potentially raising billions by divesting stakes in its oil export and storage terminals, and possibly its real estate portfolio. These moves could be its largest disposals ever, with banks already pitching for feasibility studies on deals that might exceed $10 billion.

ADNOC Keeps $150B Spending in Growth Push

Saudi Aramco is considering plans to raise billions of dollars by selling a range of assets, people familiar with the matter said.

Singapore court clears way for $2.7 billion suit against Standard Chartered over alleged role in 1MDB fraud

SINGAPORE (Reuters) – A Singapore court has cleared the way for a $2.7 billion lawsuit against Standard Chartered Bank over its alleged role in 1MDB fraud, liquidators seeking to recover the funds said on Monday. Singapore High Court dismissed an application by the bank to strike out a suit filed against it by liquidators, the liquidators said in a press release, calling it "a significant legal victory" allowing the case to continue. Liquidators…