M'sian businessman sues bank in Singapore over losses linked to Madoff

The Edge Malaysia, 9 Jul 2009
SINGAPORE, July 9 — A Malaysian businessman is suing Standard Chartered Bank in Singapore for losses incurred from failed investments linked to massive Wall Street fraudster Bernard Madoff.
Real estate developer Che King Tow is seeking redress over some US$350,000 (RM1.2 million) placed by his firm Mamagina Investments (MI) in a United States-based hedge fund.
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