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]

Jan 18, 2025 · 1MDB was created by the government of Malaysia to promote economic development in Malaysia through global partnerships and foreign direct investment. Its funds were intended to be used for improving the well-being of the Malaysian people. Instead, funds held by 1MDB and proceeds of bonds issued for and on behalf of 1MDB were misappropriated and ...

1Malaysia Development Berhad (1MDB; Malay: [ˈsatu maˈlajʃa dɛˈvɛlɔpmɛn(t) bərˈɦad]) is an insolvent [1] Malaysian strategic development company, wholly owned by the Minister of Finance (Incorporated). [2] [3]

Feb 10, 2019 · The former prime minister, faces more than 40 criminal charges linked to government entities and scandal-tarred 1MDB, the state investment fund from which the US Department of Justice (DoJ ...

Aug 5, 2021 · The Justice Department announced today that it has repatriated an additional $452 million in misappropriated 1Malaysia Development Berhad (1MDB) funds to the people of Malaysia, bringing the total returned to over $1.2 billion.

Jul 28, 2020 · An arrest warrant has been issued for Jho Low, the elusive Malaysian financier at the centre of the 1MDB allegations, as well as for others believed to have been involved. Here is a timeline of...

Oct 30, 2024 · KUALA LUMPUR, Malaysia (AP) — Malaysia’s High Court on Wednesday ordered imprisoned former Prime Minister Najib Razak to enter a defense in his second corruption trial over the multibillion-dollar looting of the 1MDB state investment fund.

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.

Jan 20, 2025 · 1MDB trial: Tong did warn me about Jho Low, Najib tells court; Low’s lifestyle unsettled Najib; I did not ask why 1MDB auditors were terminated, says Arul Kanda; 1MDB was 'not my baby', Najib ...

Jul 8, 2015 · Malaysia's government has cracked down on reporting of the 1MDB scandal, blocking access to certain online news portals and targeting media groups and journalists.