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How Malaysia’s 1MDB Scandal Shook the Financial World https://www.washingtonpost.com/business/how-malaysias-1mdb-scandal-shook-the-financial-world/2019/07/11/aee2cd78-a3b2-11e9-a767-d7ab84aef3e9_story.html Jul 11th 2019, 08:02
Media files: https://www.washingtonpost.com/rf/image_90w/2010-2019/Wires/Online/2019-07-11/Bloomberg/Images/2019-07-11_how-malaysia-s-1mdb-scandal-shook-the-financial-world-quicktake.jpg?t=20170517https://www.washingtonpost.com/rf/image_606w/2010-2019/Wires/Online/2019-07-11/Bloomberg/Images/2019-07-11_how-malaysia-s-1mdb-scandal-shook-the-financial-world-quicktake.jpg?t=20170517https://www.washingtonpost.com/rf/image_1024w/2010-2019/Wires/Online/2019-07-11/Bloomberg/Images/2019-07-11_how-malaysia-s-1mdb-scandal-shook-the-financial-world-quicktake.jpg?t=20170517
Malaysia’s state-owned investment fund, 1MDB, was supposed to promote development. Instead, it has spurred criminal and regulatory investigations around the world that have cast an unflattering spotlight on deal-making, election spending and political patronage under former Prime Minister Najib Razak. The figures are mind-boggling: Of the $8 billion that 1MDB raised via bond sales, the U.S. alleges more than half was siphoned off. Angry voters ousted Najib in a 2018 election that ended his party
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