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M'sia could sue foreign banks for 1MDB transactions - Johari
Published:  Dec 21, 2023 10:50 AM
Updated: 5:33 AM

Malaysia could initiate legal action against foreign banks that did not perform the ‘Know Your Client’ verification process properly, thus allowing 1MDB funds to flow into unintended accounts.

According to 1MDB taskforce chairperson Johari Abdul Ghani, at least eight foreign banks facilitated such transactions in several countries where 1MDB money has flowed.

“By right, we can initiate...

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