1MDB reaches settlement with Deutsche Bank in US$1.1bil suit
Reported by two or more established outlets, or an official source.
What happened
A hearing in the Deutsche Bank case is scheduled for Oct 26. (EPA Images pic) PUTRAJAYA: 1MDB has a proposal for settlement with Deutsche Bank AG in a US$1.1 billion lawsuit, marking the latest potential resolution in the long-running effort to recover money linked to the multibillion-dollar fraud. (Free Malaysia Today, 12:53)
Read the reporting
1 report1MDB has proposal for settlement with Deutsche Bank
A hearing in the Deutsche Bank case is scheduled for Oct 26. (EPA Images pic) PUTRAJAYA: 1MDB has a proposal for settlement with Deutsche Bank AG in a US$1.1 billion lawsuit, marking the latest potential resolution in the long-running effort to recover money linked to the multibillion-dollar fraud.
Malaysia’s High Court has been informed of the proposal, 1MDB lawyer Lim Chee Wee said Monday during a separate hearing at the country’s top court in Putrajaya. A hearing in the Deutsche Bank case is scheduled for Oct 26.
An agreement would resolve another piece of the legal fallout from 1MDB as claims against major banks continue years after billions of dollars were allegedly siphoned from the fund.
Malaysia still faces RM51.4 billion in financial obligations tied to the scandal, while recovery efforts have brought in RM31.3 billion, according to the government. JPMorgan Chase & Co agreed last year to pay RM1.4 billion in another settlement related to 1MDB.
Why it is new
- Spread across News, YouTube
- 3 independent sources, 1 new in the last hour
- Driven by news coverage (3 mainstream mentions in 6h) with little social discussion so far
- No engagement data available from these sources; score uses mention signals only
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Timeline
Where it started
How it spread
- Step 1News outletsFree Malaysia Today12:53
- Step 2YouTube (mainstream)Free Malaysia Today (YouTube)15:24 · +151 min
Internet reaction
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What we know
- Covered by 2 established outlet(s): Free Malaysia Today, Free Malaysia Today (YouTube)
What we don’t know
- No open questions flagged by the rules.
All sources (3)
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