HK's Amicorp Group to dispute $1b legal claim by Malaysia's 1MDB for alleged fraud

HK's Amicorp Group to dispute $1b legal claim by Malaysia's 1MDB for alleged fraud

Men walk past a 1 Malaysia Development Berhad (1MDB) billboard at the funds flagship Tun Razak Exchange development in Kuala Lumpur March 1, 2015. REUTERS/Olivia Harris/ File Photo

Amicorp Group has said it will dispute a claim for more than $1 billion filed by scandal-hit Malaysian fund 1MDB, denying allegations it knowingly facilitated more than $7 billion in fraudulent transactions related to the misappropriation of 1MDB funds.

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