The US$1bil claim is inaccurate and it would be left to the BVI Court of Justice to assess the suit, according to a statement by Amicorp. — Reuters
PETALING JAYA: Amicorp Group has rejected troubled state wealth fund 1Malaysia Development Bhd’s (1MBD) US$1bil claim against the Hong Kong-based corporate services provider, vowing to defend itself in the British Virgin Islands suit.
The US$1bil claim is inaccurate and it would be left to the BVI Court of Justice to assess the suit, according to a statement by Amicorp. 1MDB, as the fund is known, together with its subsidiaries and liquidators, had filed the suit on Dec 20 against Amicorp for facilitating fraudulent transactions.
