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MBS hires law firm to probe US$1 bil in transfers

Bloomberg
Bloomberg9/17/2020 08:25 AM GMT+08  • 5 min read
MBS hires law firm to probe US$1 bil in transfers
“MBS continues to work closely with its regulators to monitor MBS’s compliance with all legal obligations,” the casino said.
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Las Vegas Sands Corp.’s Singapore casino has hired a law firm to conduct a new investigation into employee transfers of more than US$1 billion ($1.36 billion) in gamblers’ money to third parties, according to people familiar with the matter.

Davinder Singh Chambers LLC, which specializes in dispute resolution and international arbitration, was appointed after Singapore police began a probe of third-party transfers at Marina Bay Sands Ltd., said the people, who asked not to be identified discussing private matters.

The review by one of Singapore’s best-known law firms adds to the scrutiny of the casino by the US Department of Justice and Singapore authorities after a patron sued the firm last year alleging that $9.1 million of his money was transferred to other gamblers without his knowledge. The lawsuit was settled out of court in June, with the casino agreeing to reimburse the full amount. There was a “non-admission” of liability from both sides.

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