1Malaysia Development Berhad (1MDB) is an insolvent Malaysian strategic development company, wholly owned by the Minister of Finance (Incorporated). In 2015, the company became the subject of a major international corruption scandal, with evidence pointing to money laundering, fraud, and theft.
1Malaysia Development Berhad (1MDB) is an insolvent Malaysian strategic development company, wholly owned by the Minister of Finance (Incorporated). In 2015, the company became the subject of a major international corruption scandal, with evidence pointing to money laundering, fraud, and theft.
Source: Wikipedia "1MDB" · CC BY-SA 4.0
Share this article: X · Bluesky