1MDB: US asks Deutsche, JPMorgan to give details on dealings

1MDB: US asks Deutsche, JPMorgan to give details on dealings

US officials have also travelled to the Malaysian capital, Kuala Lumpur, to speak to people with close links to the fund, three sources have told Reuters.

1mdb
WASHINGTON: Officials of the US Department of Justice have asked Deutsche Bank and JPMorgan for details of their dealings with Malaysia’s 1MDB, as global investigations into the troubled state fund widen, banking sources said on Friday.

US officials have also travelled to the Malaysian capital, Kuala Lumpur, to speak to people with close links to the fund, three sources have told Reuters.

They said JPMorgan and Deutsche were not the target of the investigations at this stage, but had only been asked to provide details.

Both banks and the US Justice Department declined to comment.

– Reuters

Stay current - Follow FMT on WhatsApp, Google news and Telegram

Subscribe to our newsletter and get news delivered to your mailbox.