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Law firm White & Case has been named in a $1.83 billion lawsuit tied to the 1Malaysia Development Berhad (1MDB) scandal, according to Law.com International.
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The lawsuit accuses White & Case of allegedly facilitating the misappropriation of funds from the Malaysian state investment fund.
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The lawsuit was filed by the Malaysian government against several individuals and entities, including White & Case, in an effort to recover assets allegedly stolen from 1MDB.
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The lawsuit alleges that White & Case helped facilitate the misappropriation by providing legal advice and services related to the transactions involving the stolen funds.
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White & Case has denied any wrongdoing and stated that they are committed to defending themselves against the allegations in court.
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The 1MDB scandal is one of the largest financial scandals in history, involving billions of dollars allegedly stolen from the Malaysian state fund and used to fund lavish lifestyles and political campaigns.
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The lawsuit against White & Case is part of the Malaysian government’s efforts to hold accountable those responsible for the misappropriation of funds from 1MDB.
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The outcome of the lawsuit could have significant implications for White & Case and other entities named in the lawsuit, as well as for the broader legal and financial industries.
- White & Case has stated that they are fully cooperating with the authorities and are confident in their ability to defend themselves against the allegations.
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