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Corruption in Malaysia generally involves political connections still playing an important role in the outcome of public tenders. [2] Business executives surveyed in the World Economic Forum's Global Competitiveness Report 2013-2014 reveal that unethical behaviours of companies constitute a disadvantage for doing business in Malaysia. [3]
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.
A Malaysian lawmaker from a youth-based party that pulled out of the ruling coalition over graft concerns has been found guilty of corruption by the Kuala Lumpur High Court, state news agency ...
Malaysian prosecutors dropped corruption charges against Deputy Prime Minister Ahmad Zahid Hamidi on Monday, letting the leader of a key partner in the ruling coalition to walk free and raising ...
The government of former Malaysian Prime Minister Najib Razak set up 1Malaysia Development Berhad, or 1MDB, in 2009. Goldman CEO 'personally outraged' by Malaysia's 1MDB corruption scandal Skip to ...
The Malaysian Anti-Corruption Commission (Malay: Suruhanjaya Pencegahan Rasuah Malaysia; Jawi: سوروهنجاي ڤنچڬاهن رسواه مليسيا ), abbreviated MACC or SPRM, (formerly known as Anti-Corruption Agency, ACA or Badan Pencegah Rasuah, BPR) is a government agency in Malaysia that investigates and prosecutes corruption in the public and private sectors.
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