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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]
1MDB scandal was a large corruption, bribery and money laundering scandal which began in 2009 in Malaysia but became global in scope and was exposed in 2015. It was as described as "one of the world's greatest financial scandals" [1] [2] and declared by the United States Department of Justice as the "largest kleptocracy case to date" in 2016. [3]
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 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 ...
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 ...
Pages in category "Political scandals in Malaysia" The following 21 pages are in this category, out of 21 total. This list may not reflect recent changes. 0–9.
The charges come as political tensions rise in Malaysia ahead of next month's regional polls in which the opposition alliance - which includes PAS - is expected to pose a strong challenge to Prime ...