Malaysia’s 1MDB sues Deutsche Bank, JP Morgan and Coutts

State fund trying to recover billions in alleged losses from corruption scandal, according to court filings

Malaysia's now-defunct 1MDB state fund is suing subsidiaries of Deutsche Bank, JP Morgan and Coutts & Co to recover billions in alleged losses from a corruption scandal at the fund, according to court documents seen by Reuters.

1MDB is claiming $1.11bn (785bn) from Deutsche Bank (Malaysia) Bhd, $800m from JP Morgan (Switzerland) Ltd and $1.03bn from a Swiss-based Coutts unit, and interest payments from all of them, according to the lawsuit.