The 1Malaysia Development Berhad scandal is an ongoing political scandal in Malaysia, [1] in which then-Prime Minister Najib Razak was accused of channeling over RM 2.67 billion (approximately US$700 million) into his personal bank accounts from 1Malaysia Development Berhad (1MDB), a government-run strategic development company. [2] 1MDB was overseen by Najib as head of its advisory board. [3] Following repeated calls for resignation by the public, Najib lost power in the 2018 Malaysian general election, and is currently on trial along with several key figures involved.
Najib has been convicted at the High Court, the Court of Appeal and the Federal Court over the RM42 million criminal breach of trust and money laundering in the SRC International case, and after numerous failed appeals, in 2022, Najib began serving his jail sentence with other cases continue to be on trial. His wife, Rosmah Mansor, also faces money-laundering and tax evasion charges, to which she has pleaded not guilty.
Mohammad Najib bin Tun Haji Abdul Razak is a Malaysian politician who served as the sixth Prime Minister of Malaysia from 2009 to 2018. In 2020, he was convicted of corruption in the 1Malaysia Development Berhad scandal, one of the largest money-laundering and embezzlement scandals in history. He is the son of former prime minister Abdul Razak Hussein. Najib Razak was the chairman of the Barisan Nasional (BN) coalition from April 2009 to May 2018 and the president of the United Malays National Organisation (UMNO) from November 2008 to May 2018, which had maintained control of Malaysia's government with a parliamentary majority for more than sixty years until the coalition's defeat in the 2018 general election.
China Communications Construction Company, Ltd. (CCCC) is a majority state-owned, publicly traded, multinational engineering and construction company primarily engaged in the design, construction and operation of infrastructure assets, including highways, bridges, tunnels, railways, subways, airports, oil platforms, and marine ports. CCCC has been a contractor for numerous Belt and Road Initiative projects. It is included in the Fortune Global 500 list for 2016.
This is a timeline of Malaysian history, comprising important legal and territorial changes and political events in Malaysia and its predecessor states. To read about the background to these events, see History of Malaysia.
1Malaysia Development Berhad is an insolvent Malaysian strategic development company, wholly owned by the Minister of Finance (Incorporated).
The Malaysian Anti-Corruption Commission, abbreviated MACC or SPRM, is a government agency in Malaysia that investigates and prosecutes corruption in the public and private sectors. The MACC was modelled after top anti-corruption agencies, such as the Independent Commission Against Corruption of Hong Kong and the Independent Commission Against Corruption in New South Wales (ICAC), Australia.
Rosmah binti Mansor is the second wife of former Prime Minister of Malaysia, Najib Razak. Like her husband, she was implicated in the 1Malaysia Development Berhad scandal (1MDB). On 1 September 2022, she was found guilty of corruption in relation to a school electricity project, fined $303m and sentenced to ten years imprisonment.
Sarawak Report is an opinion, gossip, commentary, and political activism blog focused on environmental and corruption issues in Malaysia. It has been largely self-published and operated from London since 2010 by Clare Rewcastle Brown. The blog had originally focused on the welfare of the indigenous people in Sarawak but eventually published original exposés on corruption scandals in wider Malaysia. In 2017, it gained wide recognition for its original and early exposure of the 1Malaysia Development Berhad scandal, which had led the Najib Razak-led Malaysian government to block the website. The blog was openly critical of the Barisan Nasional-led state and federal governments of Sarawak and Malaysia, and supportive of the Pakatan Harapan opposition.
Riza Shahriz bin Abdul Aziz, better known as Riza Aziz, is a Malaysian film producer and the co-founder of Red Granite Pictures, a Los Angeles–based film production company.
According to a 2013 public survey in Malaysia by Transparency International, a majority of the surveyed households perceived Malaysian political parties to be highly corrupt. A quarter of the surveyed households consider the government's efforts in the fight against corruption to be ineffective. Corruption in Malaysia generally involves political connections still playing an important role in the outcome of public tenders.
The 1Malaysia Development Berhad scandal, often referred to as the 1MDB scandal or just 1MDB, is a corruption, bribery and money laundering conspiracy in which the Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB) was systematically embezzled, with assets diverted globally by the perpetrators of the scheme. Although it began in Malaysia, the scandal's global scope implicated institutions and individuals in politics, banking, and entertainment, and led to criminal investigations in a number of nations. The 1MDB scandal has been described as "one of the world's greatest financial scandals" and declared by the United States Department of Justice as the "largest kleptocracy case to date" in 2016.
The Citizens' Declaration was a declaration issued by an array of Malaysian political leaders on 4 March 2016 to demand Prime Minister Najib Razak's resignation from office. It was launched at a press conference chaired by former Prime Minister Mahathir Mohamad.
2018 in Malaysia is Malaysia's 61st anniversary of its independence and 55th anniversary of Malaysia's formation.
Mohamed Apandi bin Ali is a Malaysian lawyer and politician who was the Attorney General of Malaysia from 2015 to 2018. Six months after assuming office, he cleared then prime minister Najib Razak of any wrongdoing in the 1Malaysia Development Berhad (1MDB) and SRC International cases and marked the investigation for "no further action".
This is a list of events in the year 2019 in Malaysia.
Low Taek Jho, often called Jho Low, is a Malaysian businessman and international fugitive, wanted by authorities in connection with the 1Malaysia Development Berhad scandal. He has been named the mastermind of the massive fraud, which prosecutors allege was a scheme to siphon US$4.5 billion from 1MDB into Low's personal accounts. He is the beneficiary of numerous discretionary trust assets said by the US government to originate from payments out of the Malaysian 1MDB fund. Low has maintained his innocence and contends that Malaysian authorities are engaging in a campaign of harassment and political persecution due to his prior support of former Prime Minister Najib Razak, whose part in the 1MDB scandal had led to Najib being convicted on seven counts of abuse of power, money laundering and criminal breach of trust.
Events in the year 2020 in Malaysia.
Events in the year 2021 in Malaysia.
Events in the year 2022 in Malaysia.
Najib Razak is the 6th Prime Minister of Malaysia, the son of former 2nd prime minister Abdul Razak Hussein. One of the most controversial leaders of the 21st century, his period of rule was marked by corruption, an extravagant lifestyle, and crackdown on free speech.
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