Deutsche Bank 1MDB probe dropped by US Justice Department

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 U.S. Department of Justice has dropped a probe into Deutsche Bank AG’s role in the 1MDB scandal, removing a potential legal headache as Malaysia steps up its demands for compensation.

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.