WASHINGTON (Reuters) - The U.S. Supreme Court is set to consider bids by two tech giants - Meta's Facebook and Nvidia - to fend off federal securities fraud lawsuits in separate cases that could make it harder for private litigants to hold companies to account.
KUALA LUMPUR: 1Malaysia Development Bhd's fund of US$13mil was used by two"players" at casino and resort company Las Vegas Sands LLC in the United States 12 years ago, the High Court here has been told on Monday .
Alsen Chance, with no legitimate business, was used to launder funds misappropriated from 1MDB and SRC International Sdn Bhd, and it then distributed these funds to various parties, including the casino company. "It seems likely these funds were the balance of those paid out to Las Vegas Sands LLC on July 10 and 11, 2012, and therefore represent the funds transferred from Red Granite Capital to Alsen Chance," said the British citizen1.
1MDB Jho Low Gambling Las Vegas Eric Tan
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