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1Malaysia Development Berhad (1MDB; Malay: [ˈsatu maˈlajʃa dɛˈvɛlɔpmɛn(t) bərˈɦad]) is an insolvent Malaysian strategic development company, wholly owned by the Minister of Finance (Incorporated).
In his first year in office, he established 1Malaysia Development Berhad (1MDB), a sovereign wealth fund, which sought out to make strategic investments and alleviate poverty, as part of his economic liberalisation policy and trademark 1Malaysia program.
Aug 3, 2016 · Learn about the origins, controversies and probes of 1MDB, a state fund owned by the Malaysian Finance Ministry and led by Prime Minister Najib Razak. Find out how the US DoJ is trying to seize billions of dollars allegedly siphoned off by 1MDB's associates.
Jul 28, 2020 · The case centres around the 1 Malaysia Development Berhad (1MDB), a sovereign wealth fund set up in 2009, when Najib Razak was prime minister.
Jul 28, 2020 · Malaysia is awaiting the verdict in the first of a series of cases charging former prime minister Najib Razak with corruption over his alleged involvement in the scandal at 1Malaysia...
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Oct 22, 2020 · Probes of Goldman Sachs focused on its help raising $6.5bn in 2012 and 2013 for the fund formally known as 1Malaysia Development Bhd (1MDB), work authorities said earned the firm more than...
1 day ago · The Department of Justice, Jho Low’s family and the family’s trustee are seeking “to reach a global, comprehensive agreement that forever resolves the United States’ civil, criminal and ...
