23 Sep 2024 —

Filings by the U.S. Justice Department allege that more than US$4.5 billion was stolen between the creation of 1MDB in 20, with some reportedly going ....

What is the 1MDB scandal about? ... Set up in 2009, the fund was meant to turn the capital city Kuala Lumpur into a financial hub and boost the ....

According to Emerald Insight, 1MDB “was set up as a holding and investment company for the state [i.e., Malaysia] and was funded initially by a .... Investigators in the US and Malaysia estimate at least $4.5bn were stolen from 1MDB and instead used to finance luxury lifestyles and the .... In a second round of 1MDB-related forfeiture lawsuits filed in June, the Justice Department alleged that a $1.29 million heart-shaped diamond ....