31 January 2019

1MDB Scandal – The world’s largest financial fraud

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The 1MDB scandal has been acclaimed to the be the scandal that shook the world of finance. It began with intentions of Malaysia’s state owned investment fund, 1MDB, to bring foreign investment. However, things spiralled out of control when investigators attempted to trace how the money flowed through the 1MDB fund and into personal accounts.   1MDB Scandal Since then former Malaysian Prime Minister Najib has been charged with dozens of counts of money laundering, corruption and criminal breach of trust all involving 1MDB funds.   In recent...