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💰1MDB Global Scandal💰

What is 1MDB?

Short for 1Malaysia Development Berhad (which means limited), the fund was set up in 2009 by then-Prime Minister Najib Razak to invest government revenues in real estate

MAIN THREAD #1MDB
Questions arose in early 2015 when the fund failed to meet payments on $11 billion in debt.

🔑The WSJ then published documents showing that about $700M from 1MDB-linked entities had ended up in Najib’s personal bank accounts just before elections in 2013.
latimes.com/world/la-fg-ma…
By far the largest transactions that flowed into Malaysian PM Najib’s accounts were two deposits of $620M & $61M in March 2013, during a heated election campaign in Malaysia.
wsj.com/amp/articles/m…
Read 42 tweets
💰Qatar Blockade & Kush’s 666 bailout.

The troubling overlap between Jared Kushner's business interests and US foreign policy
📌A congressional inquiry has raised the possibility that Kushner supported a blockade of a US ally as payback because it would not fund his family’s business
theguardian.com/commentisfree/…
🔑In May 2017, Jared Kushner and Steve Bannon, met for a private dinner with top leaders of Saudi Arabia and the United Arab Emirates. #Otaiba?

The pair learned of a plan by US allies Saudi & Qatar to impose a blockade on another US ally, Qatar.
theguardian.com/commentisfree/…
Read 39 tweets

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