Malaysia considers suing foreign banks over 1MDB scandal

Task force eyes institutions it says facilitated 1MDB-related fund transfers

20240123 Johari Abdul Ghani

Johari Abdul Ghani, chairman of the 1MDB Asset Recovery Task Force, says Malaysia is mulling legal action against some foreign banks. (Source photos by AP and Hiroki Endo)

NORMAN GOH, Nikkei staff writer

KUALA LUMPUR -- Malaysia is considering filing lawsuits against several foreign banks over alleged malfeasance in the multibillion dollar 1Malaysia Development Berhad (1MDB) corruption scandal, according to the government's 1MDB Asset Recovery Task Force.

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