SINGAPORE: The Singapore High Court on Thursday has dismissed the application by BSI Bank Limited (BSI) to strike out the US$394 million claim brought against it by 1Malaysia Development Berhad (1MDB) and its subsidiary, Brazen Sky Limited.1MDB said the dismissal, subject to appeal, allows the case against BSI to proceed. The case, which commenced on May 2, sees 1MDB and Brazen Sky seeking redress for large-scale financial losses said to be suffered as a result of unauthorised fund transfers and money laundering schemes orchestrated through accounts at BSI.The claim alleges that BSI and several of its former officers facilitated these transfers, assisting in the misappropriation of 1MDB’s as
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