1Malaysia Development Berhad scandal
CORRUPTION SCANDAL IN MALAYSIA
1Malaysia Development Berhad's scandal; 1MDB scandal; Malaysian Official 1; PetroSaudi; Malaysia Development Berhad scandal
The 1Malaysia Development Berhad scandal, often referred to as the 1MDB scandal or just 1MDB, describes 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. International in scope, it implicated political, banking and entertainment figures and institutions and led to criminal investigations in several countries.