1MDB SCANDAL

July 30, 2020

Malaysia’s former leader Najib Razak was found guilty of corruption and sentenced to 12 years in jail in the first trial over a multi-billion-dollar scandal at state fund 1MDB.

About:

1Malaysia Development Berhad (1MDB) is an insolvent Malaysian strategic development company, wholly owned by the Minister of Finance (Incorporated).
It was founded in 2009 by Malaysia’s former prime minister Najib Razak founded as a platform to bring foreign investment to the country and promote long-term economic development.

Source : Indian Express

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