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Deutsche Bank blames 1MDB amid US investigation over ties to sovereign scandal

( July 11, 2019, 06:56 GMT | Official Statement) -- MLex Summary: Deutsche Bank, which is being investigated by the US Department of Justice over its links to a sprawling corruption scandal involving Malaysian sovereign wealth fund 1Malaysia Development Berhad, said today that it had cooperated with all agencies that had made inquiries about the matter, but it sought to shift the blame onto 1MDB. "As stated in asset forfeiture complaints filed by the US Department of Justice, 1MDB made 'material misrepresentations and omissions to Deutsche Bank officials' in connection with 1MDB's transactions with the bank. This is consistent with the bank’s own findings in this matter," the bank said in an e-mailed statement.Deutsche Bank's statement follows: ...

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