The 1Malaysia Development Berhad scandal is an ongoing political scandal in Malaysia,[1] in which then-Prime Minister Najib Razak was accused of channeling over RM 2.67 billion (approximately US$700 million) into his personal bank accounts from 1Malaysia Development Berhad (1MDB), a government-run strategic development company.[2] 1MDB was overseen by Najib as head of its advisory board.[3] Following repeated calls for resignation by the public, Najib lost power in the 2018 Malaysian general election, and is currently on trial along with several key figures involved.
Najib has been convicted at the High Court, the Court of Appeal and the Federal Court over the RM42 million criminal breach of trust and money laundering in the SRC International case, and after numerous failed appeals, in 2022, Najib began serving his jail sentence with other cases continue to be on trial. His wife, Rosmah Mansor, also faces money-laundering and tax evasion charges, to which she has pleaded not guilty.
- ^ "1MDB: Malaysia's extraordinary financial scandal". The Star. 2018-12-18.
- ^ "Malaysian taskforce investigates allegations $700m paid to Najib". The Guardian. 6 July 2015. Retrieved 24 March 2018.
- ^ Correspondent, Leslie LopezRegional (2016-07-21). "PM Najib's stepson, Malaysian financier named in US suit seeking S$1.36b in 1MDB-linked assets". The Straits Times. ISSN 0585-3923.
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