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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]
The 1Malaysia Development Berhad scandal is an ongoing political scandal in Malaysia, [1] in which then-Prime Minister Najib Razak was accused of channeling over RM 2.67 billion (approximately US$700 million) into his personal bank accounts from 1Malaysia Development Berhad (1MDB), a government-run strategic development company.
[5] [6] In September 2020, the alleged amount stolen had been raised to US$4.5 billion and a Malaysian government report listed 1MDB's outstanding debts to be at US$7.8 billion. [7] The scandal implicated Malaysian prime minister Najib Razak, contributing to the 2018 election loss of his party and his eventual trial and imprisonment.
KUALA LUMPUR (Reuters) -Former Malaysian premier Najib Razak, who was convicted of graft over the multibillion-dollar 1MDB scandal, could be released by 2028 after his jail sentence was halved by ...
Former Prime Minister Najib Razak was sentenced to a total of 12 years in jail in connection with the 1MDB financial scandal by a Malaysian court. WSJ’s Niharika Mandhana reports on the ...
KUALA LUMPUR, Malaysia (AP) — "The Wolf of Wall Street" producer and stepson of Malaysia's former prime minister pleaded not guilty on Friday to laundering $248 million from a state investment ...
The Kleptocrats is a 2018 documentary film produced by Mike Lerner and directed by Sam Hobkinson and Havana Marking that investigates the theft of over $3 billion from Malaysian government fund 1MDB. The scandal implicated several public figures, such as the former prime minister of Malaysia, Najib Razak, his stepson, Riza Aziz, and missing ...
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. [13]