Amicorp Group denies alleged fraud of over US$7bil in 1MDB scandal


KUALA LUMPUR: Corporate services provider Amicorp Group has denied allegations it knowingly facilitated more than US$7 bil in fraudulent transactions related to the misappropriation of funds from scandal-hit Malaysian state fund 1Malaysia Development Berhad.

Amicorp will defend itself and dispute the relief sought by 1MDB in court following a legal claim of more than US$1bil filed by the Malaysian sovereign wealth fund in the British Virgin Islands, Amicorp said in a statement late on Monday.

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1MDB , Amicorp , scandal , fraud

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