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1Malaysia Development Berhad (1MDB)

1Malaysia Development Berhad (1MDB)
1Malaysia Development Berhad (1MDB): A Malaysia-based sovereign wealth fund, 1MDB was established by the Malaysian government to drive strategic initiatives for the country’s long-term economic development. Headquartered in Kuala Lumpur, its primary focus areas included energy, real estate, tourism, and agribusiness, aiming to attract foreign investment and fund infrastructure projects. However, 1MDB gained international notoriety for a massive corruption scandal involving the alleged embezzlement of billions of dollars, leading to global investigations and its current liquidation.
Malaysia

With 1MDB verdict due, will Malaysia’s Najib have to ‘prepare for the worst’?

The High Court will rule on abuse of power and money laundering charges, with Najib facing the prospect of lengthy prison terms if found guilty.

Najib’s children lament Malaysian court ruling – ‘we thought he was coming home’

Najib’s wife cleared as Malaysia drops money laundering, tax evasion appeal

The prosecution said it could not definitively prove that Rosmah Mansor committed the offences.

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