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The 1Malaysia Development Berhad scandal, often referred to as the 1MDB scandal or just 1MDB, is an ongoing corruption, bribery and money laundering conspiracy in which the Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB) was systematically embezzled, with assets diverted globally by the perpetrators of the scheme. [1]
May 10. Nonagenarian Mahathir Mohamad ousted his former protégé Najib Razak in an extraordinary electoral win on a platform condemning corruption in the wake of the 1MDB scandal. Malaysia’s...
Apr 8, 2022 · What is the 1MDB scandal about? The charges stemmed from bond deals that Goldman helped arrange in 2012 and 2013 that raised $6.5bn (£5bn) for the 1MDB fund, which was founded to finance public...
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...
Aug 23, 2022 · KUALA LUMPUR, Aug 23 (Reuters) - Malaysia's top court ordered former prime minister Najib Razak to begin a 12-year prison sentence on Tuesday after rejecting his appeal against a conviction on...
Jul 28, 2020 · The 1MDB scandal around a state-owned wealth fund in Malaysia has uncovered a global web of fraud and corruption. It sent shockwaves through Malaysia's political establishment,...
Jul 8, 2015 · The scandal surrounding Malaysia's state development fund 1MDB has gripped the country for years. Now the US has said it is moving to seize more than $1bn (£761m) in assets, ranging from plush...
May 24, 2018 · Malaysia’s state-owned investment fund, 1MDB, was supposed to attract foreign investment. Instead, it has spurred criminal and regulatory investigations around the world that have cast an ...
Jul 28, 2020 · CNN — Disgraced former Malaysian Prime Minister Najib Razak has been found guilty on seven charges related to the 1MDB scandal, which saw billions of dollars of taxpayers money funneled...
Aug 5, 2021 · As alleged in the civil forfeiture complaints, from 2009 through 2015, more than $4.5 billion in funds belonging to 1MDB were allegedly misappropriated by high-level officials of 1MDB and their associates, and Low Taek Jho (aka Jho Low), through a criminal scheme involving international money laundering and embezzlement.
