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REFILE-Malaysia sues Deutsche Bank, JP Morgan, Coutts over 1MDB

05/10/2021 08:19
REFILE-Malaysia sues Deutsche Bank, JP Morgan, Coutts over 1MDB

Removes extraneous word "seeks" in headline

- Malaysia 1MDB fund is suing units of Deutsche Bank DBKGn.DE and J.P. Morgan JPM.N, and Coutts & Co Ltd to recover billions in alleged losses from a corruption scandal at the fund, court documents seen by Reuters showed on Monday.

1MDB is claiming $1.11 billion from Deutsche Bank (Malaysia) Bhd, $800 million from J.P. Morgan (Switzerland) Ltd and $1.03 billion from Coutts, and interest payments from all of them, according to documents filed at a Kuala Lumpur court.

Malaysia's finance ministry said earlier on Monday that 1Malaysia Development Berhad (1MDB) and a former unit have filed 22 civil suits seeking to recover more than $23 billion in assets from entities and people allegedly involved in defrauding them. nL1N2MX0CF


(Reporting by Rozanna Latiff; writing by A. Ananthalakshmi; Editing by Martin Petty)

(([email protected]; Twitter: @AnanthalakshmiA;))