StanChart, BSI Lose Singapore Court Bid in 1MDB Claims

Standard Chartered Plc and BSI Bank Ltd. failed in their bids to be part of winding-up applications linked to Malaysian sovereign wealth fund 1Malaysia Development Bhd. in Singapore’s High Court.

The banks cannot intervene in the applications brought by four offshore companies as they did not meet the criteria as contingent creditors, Judge Aidan Xu wrote in a ruling on Thursday.