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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).
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. Sovereign wealth funds are government-owned...
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]
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.
1 day ago · Fugitive financier Jho Low has signed a secret deal with the US DOJ to “forever” end a 1MDB-linked forfeiture case, according to CNA. Photo: SCMP
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 $600m.
2 days ago · WASHINGTON, June 27 ― The United States (US) Department of Justice (DoJ) said yesterday an agreement was reached in the alleged embezzlement of US$4.5 billion (RM21.2 billion) from Malaysia's sovereign investment fund known as 1Malaysia Development Bhd, or 1MDB. The agreement is with Low Taek Jho, also known as Jho Low, members of his family ...
