The United States Department of Justice is dropping its investigation into Deutsche Bank AG for its role in the 1MDB scandal. – The Malaysian Insight file pic, May 11, 2021.
THE US Department of Justice has dropped its investigation into Deutsche Bank AG’s role in the 1Malaysia Development Berhad scandal, even as the state investment firm stepped up efforts to recoup more stolen with a slew of lawsuits. Bloomberg reported the US DOJ’s decision, quoting people familiar with the matter who said the DOJ had notified the German bank through a letter that the investigation had been closed.
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