Singapore’s DBS sued for US$1 billion in alleged 1MDB-linked claim

Singapore’s DBS Bank is being sued for an estimated S$1.298 billion (US$1.03 billion) in damages linked to the multibillion-dollar 1MDB scandal, Southeast Asia’s largest lender DBS Group has said. The claimants include the liquidators of four companies: Blackrock Commodities (Global), Platinum ⁠Global Luxury Services, Affinity Equity International Partners and TKIL Global Investments. The ‌liquidators did not immediately respond to Reuters requests for comment. DBS rejected the claim and said on...