STANCHART (02888.HK) +0.500 (+0.384%) Short selling $18.83M; Ratio 37.643% (STAN.L) is facing a lawsuit from liquidators over its alleged role in the Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB) money laundering scandal, with claims amounting to as much as USD2.7 billion (around HKD21.1 billion) in compensation, the Financial Times reported, citing sources familiar with the matter. The bank's share price in London once sank more than 3%.According to the report, 1MDB's liquidators filed a statement with the Singapore High Court on Monday, alleging that Standard Chartered failed to conduct proper anti-money laundering checks between 2009 and 2013, allowing over 100 internal bank transfers that concealed the flow of funds and ignored red flags during the transfer process. This resulted in losses of more than USD2.7 billion for the plaintiff and affected around USD20 million in public funds.Related NewsJPM Keeps STANCHART as Top Pick Among HK Banks; 1MDB Lawsuit Expected to Take Yrs to ResolveIn response to media inquiries, Standard Chartered stressed that it hasn't yet received any claim documents and "strongly rejects" any claims made by companies under 1MDB, as any claims by 1MDB's liquidators are entirely groundless. The bank will resolutely defend against any litigation.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-04 12:25.)