Standard Chartered Faces Fresh 1MDB Claims as $1.5 Billion Buyback Nears the $1 Billion Mark
A Singapore High Court ruling allows liquidators for 1MDB to bring new statutory claims against Standard Chartered Bank over alleged roles in the fund’s fraud. Standard Chartered said it would defend itself, blaming shell companies for deception. The bank has spent $982.5 million on its ongoing $1.5 billion share buyback as of May 13.