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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.
Feb 2, 2024 · Najib was jailed in 2022 over the embezzlement of Malaysia's state-owned wealth fund 1Malaysia Development Berhad (1MDB). The board also reduced the fine imposed on him to 50m ringgit (£8.3m;...
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.
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...
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.
Aug 5, 2021 · The U.S. Department of Justice announced that it has returned over $1.2 billion in stolen 1MDB funds to Malaysia, seized from various financial institutions worldwide. The funds were allegedly embezzled by 1MDB officials and their associates, including Jho Low, through a global money laundering scheme.
