A Malaysian government investment fund is embroiled in a corruption scandal that is roiling an important U.S. ally..
The 1MDB scandal is one of the biggest financial scandals of all time, bringing down Malaysia's prime minister. The prime suspect is still on .... In Billion Dollar Whale, Tom Wright and Bradley Hope explain the 1Malaysia Development Berhad (1MDB) scandal, which exposed Malaysia's .... It is one of the world's greatest financial scandals.
Billions of dollars from a state fund meant to help the Malaysian people went missing, .... According to the DOJ, funds of US$4.5 billion belonging to 1MDB were allegedly embezzled by high-ranking officials of 1MDB and their partners..