DBS is facing a lawsuit worth $1.3 billion over a claim alleged to be connected to 1MDB, The Straits Times reported on Wednesday.
Malaysia's 1MDB taskforce said the case is linked to an associate of Jho Low, according to Yahoo News Singapore. The Straits Times also reported that five DBS accounts connected to that associate are part of the 1MDB case, and quoted the observation that "a bank should ask questions."
The reports do not detail who filed the suit or the specific allegations behind the $1.3 billion figure.
The claim adds to the wider 1MDB matter, in which Malaysia has pursued asset recovery for years. The Edge Malaysia, citing the finance ministry, reported that the net liability of the Malaysian government and taxpayers after recoveries is likely to be around RM20 billion.
Prime Minister Anwar Ibrahim said recovering 1MDB assets is about restoring public trust in the government, not only about the money, according to The Star.
The material reviewed does not include DBS's response to the lawsuit, and no comment from the bank was reported in the summaries.
What to watch next: whether DBS responds to the claim and whether Malaysian authorities disclose further details of the case.