Malaysia investment fund 1MDB sues Amicorp Group for alleged fraud
JURIST
DECEMBER 24, 2024
Malaysia’s state investment fund 1 Malaysia Development Berhad (1MDB) filed on Monday a lawsuit against corporate services provider Amicorp Group and its Chief Executive Officer (CEO), Toine Knipping, for allegedly facilitating the money laundering of over $7 billion in misappropriated funds, local media reported. In its claim, 1MDB accused Amicorp Group of “fraudulently aiding and abetting breach of fiduciary duty and conspiracy to commit unlawful acts.” According to local med
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