KUALA LUMPUR (Reuters) – Scandal-hit Malaysian state fund 1Malaysia Development Berhad has filed a lawsuit against corporate services firm Amicorp Group and its CEO, alleging he facilitated fraudulent transactions worth more than seven million, the Malaysian state fund 1MDB said on Monday. Billions of dollars.
The case was filed in the British Virgin Islands against eight entities affiliated with Amicorp and its CEO Tuyen Nipeng, alleging that they played a vital role in enabling fraud against the sovereign wealth fund between 2009 and 2014, 1MDB said in a statement. The value of the claim is estimated at more than $1 billion.
Amicorp Group did not immediately respond to a request for comment.
