Amicorp Group has said it will dispute a claim for more than $1 billion filed by scandal-hit Malaysian fund 1MDB, denying allegations it knowingly facilitated more than $7 billion in fraudulent transactions related to the misappropriation of 1MDB funds.

Amicorp Group has rejected troubled state wealth fund 1Malaysia Development Bhd.’s $1 billion claim against the Hong Kong-based corporate services provider, vowing to defend itself in the British Virgin Islands suit.