Report: US Justice Department drops probe into Deutsche Bank over 1MDB scandal | Malay Mail

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Report: US Justice Department drops probe into Deutsche Bank over 1MDB scandal

Tuesday, 11 May 2021 09:06 AM MYTPeople walk past a Deutsche Bank office in London, Britain July 8, 2019. — Reuters picKUALA LUMPUR, May 11 — Deutsche Bank AG is no longer under probe for its alleged role in the 1Malaysia Development Berhad scandal by the United States’ Department of Justice .

The DOJ sent a letter to notify the German bank that the investigation had been closed, anonymous sources familiar with the matter told Bloomberg, without specifying the date of the correspondence. On Monday, Deutsche Bank was named as a defendant in a lawsuit brought by 1MDB seeking US$1.1 billion in payments from the German lender.

 

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