The settlement resolves Malaysia’s civil lawsuit, while Swiss prosecutors found the bank negligent in preventing aggravated money laundering
In 2021, 1MDB sued a unit of JPMorgan, along with those of Deutsche Bank and Coutts & Co, to recover alleged losses from the fund, citing alleged “negligence, breach of contract, conspiracy to defraud/injure, and/or dishonest assistance” on the part of the firms.
Your personal data will be processed and information from your device (cookies, unique identifiers, and other device data) may be stored by, accessed by and shared with 88 TCF vendor(s) and 20 ad partner(s), or used specifically by this site or app.
Some vendors may process your personal data on the basis of legitimate interest, which you can object to by managing your options below. Look for a link at the bottom of this page or in the site menu to manage or withdraw consent in privacy and cookie settings.
Consent
