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

A Singapore court has permitted a substantial lawsuit against Standard Chartered Bank. The action, valued at $2.7 billion, concerns the bank's alleged involvement in the 1MDB fraud. Liquidators are pursuing the recovery of these funds. This legal development marks a significant step in the ongoing efforts to reclaim misappropriated assets.