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đź’°1MDB Global Scandalđź’°
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
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…
🔑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…
wsj.com/amp/articles/m…
đź’°1MDB -Hollywood & The Wolf of Wall Street
The Billion-Dollar Mystery Man and the Wildest Party Vegas Ever Saw
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/…
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…
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…
