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After the 2018 election, the newly elected prime minister, Mahathir Mohamad, reopened Malaysian investigations into the scandal. [28] The Malaysian Immigration Department barred Najib [29] and 11 others [30] from leaving the country, while the police seized more than 500 handbags and 12,000 pieces of jewellery estimated to be worth US$270 ...
[57] The 1MDB scandal has had far-reaching implications, contributing to the downfall of former Malaysian Prime Minister Najib Razak, who is currently serving a six-year prison sentence for corruption related to the financial debacle. As this legal battle unfolds, it continues to shed light on the intricate web of international finance and the ...
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.
Jailed former Malaysia Prime Minister Najib Razak on Wednesday issued a rare apology for his mishandling of the multibillion-dollar 1MDB financial scandal, but maintained he had no knowledge of ...
Former Malaysian Prime Minister Najib Razak was charged with corruption offense linked with the scandal-tainted state fund 1Malaysia Development Berhad (1MDB), at a court in Kuala Lumpur on ...
Former Malaysian Prime Minister Najib Razak has been charged with tampering with the final audit report into a defunct state investment fund, adding to a long list of corruption allegations ...
The Malaysian Conference of Rulers called for prompt investigation of the scandal, saying that it was causing a crisis of confidence in Malaysia. [11] [12] After the 2018 election, the newly elected prime minister, Mahathir Mohamad, reopened investigations into the 1MDB scandal. [13]
Mahathir Mohamad's second term as the Prime Minister of Malaysia, which lasted from 2018 to 2020, was marked by several significant developments and events.Having previously led the country from 1981 to 2003, Mahathir came out of retirement in response to the 1MDB scandal.