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Malaysia 1MDB scandal

Malaysia 1MDB scandal
1Malaysia Development Bhd (1MDB) is a state investment fund that came under investigation for alleged impropriety in July 2015, after reports emerged that investigators traced some US$700 million wired into Prime Minister Najib’s bank accounts. Both the fund and the premier denied wrongdoing, but the attorney general launched an investigation into alleged graft. 1MDB was 42 billion ringgit (HK$86 billion) in debt at the time of the scandal.
Malaysia

Malaysian police probe reports of Jho Low’s secret 1MDB meetings in Kuala Lumpur

An online portal news portal quoted sources as claiming that Low attended the meetings under the protection of the Chinese delegation.

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Anwar says Malaysia won’t support Jho Low’s Trump pardon bid

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Malaysia’s Jho Low seeking Trump pardon for 1MDB fraud

The fugitive financier is accused of being the architect of a scheme to siphon at least US$4.5 billion from Malaysia’s sovereign wealth fund.

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