1Malaysia Development Berhad scandal

Corruption scandal in Malaysia

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The 1Malaysia Development Berhad scandal is an ongoing political scandal occurring in Malaysia. In 2015, Malaysia's then-Prime Minister Najib Razak was accused of channelling over RM 2.67 billion from 1Malaysia Development Berhad (1MDB), a government-run strategic development company, to his personal bank accounts. The event triggered widespread criticism among Malaysians, with many calling for Najib Razak's resignation – including Mahathir Mohamad, one of Najib's predecessors as prime minister, who later defeated Najib in the 2018 general election and returned to power.


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Malaysia to recover $107.3 million after settling 1MDB case against film producer

Malaysia's anti-corruption commission said on Thursday it will recover overseas assets worth about $107.3 million in a settlement deal reached with Riza Aziz, a producer of Hollywood film "The Wolf of..
Reuters - Published

Malaysia, Goldman talking dropping criminal charges over 1MDB

Goldman Sachs has been in talks with authorities in Malaysia to drop criminal charges against three subsidiaries of the bank in connection with the 1MDB scandal, the Southeast Asian country's top..
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