1MDB scandal

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The 1Malaysia Development Berhad scandal (1MDB scandal) is a corruption, bribery and money laundering conspiracy in which the Malaysian sovereign wealth fund 1Malaysia Development Berhad was systematically embezzled, with assets diverted globally by the perpetrators of the scheme. As of 2026, legal proceedings and asset recovery efforts are still ongoing. Although it began in 2009 in Malaysia, the scandal's global scope implicated institutions and individuals in politics, banking, and entertainment, and led to criminal investigations in a number of nations. The 1MDB scandal has been described as "one of the world's greatest financial scandals" and declared by the United States Department of Justice (DOJ) as the "largest kleptocracy case to date" in 2016. A 2015 document leak reported in The Edge, Sarawak Report, and The Wall Street Journal showed that Malaysia's then-Prime Minister Najib Razak had channeled over RM 2.67 billion (about US$700 million) into his personal bank accounts from...

Read on Wikipedia · Image Sanson, Nicolas (1600-1667). Cartographe Idrīsī, Muḥammad ibn Muḥammad al-Šarīf Abū ʿAbd Allâh al- (1100?-1165?). Auteur adapté Peyrounin, Abraham (1620-1666). Graveur, Public domain