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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
💰1MDB -Hollywood & The Wolf of Wall Street

The Billion-Dollar Mystery Man and the Wildest Party Vegas Ever Saw
Armed with a seemingly bottomless supply of cash, an unassuming Malaysian named Jho Low staged the ultimate extravaganza

politico.com/story/2018/11/…
#1MDB global financial scandal that has spread from Malaysia to Hollywood

Accepting his 2014 Golden Globe Award for acting in “The Wolf of Wall Street,” Leonardo DiCaprio thanked “Joey, Riz and Jho,”

“for taking a risk on this movie.”
latimes.com/world/la-fg-ma…
Read 15 tweets
Tweeps, have you been to the landmark @LouvreAbuDhabi #Louvre #AbuDhabi? No worries. Got @twitter. Had the chance to visit while in the #UAE for the @MilkenInstitute #MIGlobal #MENASummit. Follow this thread for a #TwitterTour of highlights. louvreabudhabi.ae/?utm_source=GM… #art #museum
Hello #LouvreAbuDhabi! @LouvreAbuDhabi ~ in all directions, the #magic of art & creativity on display. Crossing borders. Crossing cultures. #artmatters #museumlove
#Stunning. This two-headed figure is one of the oldest monumental statues in the history of humanity. It is some 8500 years old. On display at the @LouvreAbuDhabi. 👥

@VisitAbuDhabi #AbuDhabi #LouvreAbuDhabi
Read 50 tweets

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