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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]
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 · 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...
Feb 10, 2019 · 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...
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, leading to the...
Dec 8, 2021 · A Malaysian court on Wednesday upheld former Prime Minister Najib Razak’s guilty verdict on corruption charges over a multi-billion dollar scandal at state fund 1Malaysia Development Berhad...
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.
1Malaysia Development Berhad (1MDB; Malay: [ˈsatu maˈlajʃa dɛˈvɛlɔpmɛn(t) bərˈɦad]) is an insolvent [1] Malaysian strategic development company, wholly owned by the Minister of Finance (Incorporated).
Feb 26, 2016 · How Millions Went Missing. A Malaysian government investment fund is embroiled in a corruption scandal that is roiling an important U.S. ally. Government investigators say nearly $700 million was...
