US probing Deutsche Bank’s work for Malaysia’s 1MDB — report
The Wall Street Journal says prosecutors are examining the role of executive Tan Boon-Kee
11 July 2019 - 11:05
Bengaluru — The US justice department is investigating whether Deutsche Bank violated foreign corruption or anti-money-laundering laws in its work for state fund 1Malaysia Development Berhad (1MDB), the Wall Street Journal said on Wednesday.
The news comes after the bank announced plans to scrap its global equities unit, cut some fixed-income operations and slash 18,000 jobs globally in a €7.4bn ($8.34bn) restructuring programme. ..
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