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 wants redress for some US$350,000 (S$511,914) placed by his firm Mamagina Investments (MI) in a United States-based hedge fund.
The sum includes about US$100,000 invested last September, after signs of trouble had already emerged.
Read the full report in Thursday's edition of The Straits Times.
