Malaysia's 1MDB files legal claim against Amicorp Group for alleged fraud

Malaysia's 1MDB files legal claim against Amicorp Group for alleged fraud

Traffic passes a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia, July 6, 2015. REUTERS/Olivia Harris/Files

Scandal-hit Malaysian state fund 1Malaysia Development Berhad said on Monday it has filed a legal claim of more than $1 billion against corporate services provider Amicorp Group and its CEO, alleging the firm knowingly facilitated over $7 billion in fraudulent transactions.