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).

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]

Jul 28, 2020 · Malaysia is awaiting the verdict in the first of a series of cases charging former prime minister Najib Razak with corruption over his alleged involvement in the scandal at 1Malaysia Development...

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.

Dec 23, 2024 · Malaysia’s scandal-hit 1Malaysia Development Berhad fund has said it will sue corporate services provider Amicorp Group and its CEO Toine Knipping for more than $1bn, for allegedly...

Jan 17, 2025 · The Justice Department announced today that it has reached an agreement to recover an additional $20 million in misappropriated 1Malaysia Development Berhad (1MDB) funds. In June 2024, the department announced it has already recovered and returned and assisted in returning to Malaysia approximately $1.4 billion.

Nov 27, 2024 · Malaysia has recovered more than 23 million ringgit ($4.83 million) in assets related to scandal-hit state fund 1Malaysia Development Berhad (1MDB) between January 2023 and February 2024, its...

…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.

Low, launched the 1Malaysia Development Berhad (1MDB). This investment fund, owned and controlled by the Malaysian government, sought to serve as a “strategic development company driving new ideas and new sources of growth” (Al Jazeera, 2020a). Prior to officially becoming

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.