1Malaysia Development Berhad

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1Malaysia Development Berhad

Malaysian state-owned investment fund

Also known as: 1MDB

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1Malaysia Development Berhad scandal
…a Malaysian sovereign wealth fund, 1Malaysia Development Berhad (1MDB), between 2009 and 2015. Initially billed as a vehicle for economic development, the fund became the center of one of the largest corruption scandals in modern history. The fallout helped topple Malaysian Prime Minister Najib Razak, implicated international banks, and prompted…
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…a Malaysian sovereign wealth fund, 1Malaysia Development Berhad (1MDB), between 2009 and 2015. Initially billed as a vehicle for economic development, the fund became the center of one of the largest corruption scandals in modern history. The fallout helped topple Malaysian Prime Minister Najib Razak, implicated international banks, and prompted…
Read More

Malaysia
Malaysia in the 21st century
…embezzlement and money-laundering scheme involving 1Malaysia Development Berhad (1MDB), a state-owned investment fund. Mahathir emerged from retirement to chastise his onetime protégé, and the former prime minister broke with the BN and aligned with the opposition. The weight of the 1MDB allegations combined with overwhelming dissatisfaction over the goods and…
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…embezzlement and money-laundering scheme involving 1Malaysia Development Berhad (1MDB), a state-owned investment fund. Mahathir emerged from retirement to chastise his onetime protégé, and the former prime minister broke with the BN and aligned with the opposition. The weight of the 1MDB allegations combined with overwhelming dissatisfaction over the goods and…
Read More