Deutsche Bank has been under investigation since 2019 over its role in helping 1MDB raise US$1.2 billion in 2014.
The DoJ sent a letter to notify the German bank that the investigation had been closed, people familiar with the matter said, without specifying the date of the correspondence. The people asked not to be identified discussing the private information.The move by the DoJ provides relief as Deutsche Bank was named yesterday as a defendant in a lawsuit brought by 1MDB seeking US$1.1 billion in payments from the German lender, Bloomberg reported earlier.
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