Foliage partly covers a 1 Malaysia Development Berhad (1MDB) billboard at the funds flagship Tun Razak Exchange development in Kuala Lumpur, Malaysia, July 3, 2015. - REUTERS/Olivia Harris
KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) says it has filed a legal claim of more than US$1bil against corporate services provider Amicorp Group and its CEO, alleging the firm knowingly facilitated over US$7bil in fraudulent transactions.
The claim, among one of the biggest filed by 1MDB related to the multi-billion-dollar graft scandal, was filed in the British Virgin Islands against eight Amicorp entities and its chief executive officer Toine Knipping, alleging that they played a vital role in enabling the sovereign wealth fund to be defrauded between 2009 and 2014, 1MDB said in a statement.
