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The Big Story: DBS faces 1MDB-linked $1.3 billion lawsuit. Here's what you need to know
DBS is facing a lawsuit seeking around $1.3 billion in damages linked to the 1MDB scandal. The claim was filed by liquidators of four companies trying to recover money tied to the Malaysian state fund. DBS has rejected the claim and says it will fight the lawsuit. So why is DBS being drawn into the 1MDB saga more than a decade later, and what could this mean for the bank? On The Big Story, Hongbin Jeong speaks to Soh Wee Boon, Trading Representative, UOB Kay Hian to find out more.See omnystudio.com/listener for privacy information.
The skinny
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