The $ 4.5 Billion Malaysian Scandal | Gravitas | World News | WION
#Gravitas The 1MDB scandal is one of the biggest corruption scandals in the world that continues to leave many across the world stunned. It is a Malaysian state fund, set up in 2009 to push development through foreign investment and partnerships. As per the US justice department’s estimate more than $4.5bn was allegedly stolen as part of this scandal. In the latest development, a Swiss court convicted two executives for embezzling 1.8 billion US dollars from 1MDB. They face years behind bars for their roles in siphoning billions from Malaysia’s national wealth.
#malysia #scandal #wion
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