01 Oct 2025 | 5 Mins Read
Singapore blocks 1MDB liquidators' StanChart, BSI lawsuit
Flipitmoney
Singapore's High Court halted foreign liquidators from suing Standard Chartered and BSI Bank over alleged transactions linked to 1Malaysia Development Bhd. The court said the outcome "leaves the applicants without easy recourse." The liquidators alleged standard Chartered permitted transfers that led to $2.7 billion in losses and $15.5 million in public funds lost.