Malaysia's state investment fund, 1Malaysia Development Bhd. (1MDB), has filed a legal claim exceeding $1 billion against Amicorp Group and its CEO, Toine Knipping. The lawsuit alleges that Amicorp knowingly facilitated fraudulent transactions totaling more than $7 billion over a five-year period. This legal action is part of ongoing efforts by 1MDB to recover assets linked to the fund's previous fraud scandals. In a separate development, Ernst & Young (EY) has been accused of aiding a UAE company in defrauding investors during a 2019 SPAC transaction, as detailed in a lawsuit filed by Brooge Energy shareholders in New York. EY's involvement in high-profile fraud cases has drawn scrutiny, particularly following its role in the Wirecard scandal.