Business

How Malaysia’s 1MDB Scandal Shook the Financial World

Angry voters ousted Najib in a 2018 election that ended his party’s 61 years of rule, and two years later he was convicted in th Instead, it has spurred investigations around the world into deal-making, election spending and political patronage under former Prime Minister Najib Razak.
Source: https://www.washingtonpost.com/business/energy/how-malaysias-1mdb-scandal-shook-the-financial-world/2020/07/24/d03f46f8-ce1e-11ea-99b0-8426e26d203b_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business

The figures are mind-boggling: Of the $8 billion that 1MDB raised via bond sales, the U.S. alleges more than half was siphoned off. Malaysia’s state-owned investment fund, 1MDB, was supposed to promote development.
Source: https://www.washingtonpost.com/business/energy/how-malaysias-1mdb-scandal-shook-the-financial-world/2020/07/28/dade64d6-d094-11ea-826b-cc394d824e35_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business

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