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1MDB liquidators file second BVI lawsuit against Amicorp & CEO Toine Knipping, seek $1B+ for ‘knowing participation in fraud’

The liquidators of former Malaysian sovereign wealth fund 1MDB have filed a second lawsuit in the British Virgin Islands against Hong Kong-based corporate services provider Amicorp Group and its Dubai-based CEO, Toine Knipping, this one seeking damages in excess of $1 billion for alleged “knowing participation” in a multi-billion dollar fraud. Amicorp issued a statement that it “strongly denies the allegations”.