The Wall Street Journal : Malaysia's 1MDB Decoded : How Millions Went Missing
Malaysia's 1MDB Decoded
How Millions Went Missing
A Malaysian government investment fund is
embroiled in a corruption scandal that is roiling an important U.S.
ally. Government investigators say nearly $700 million was deposited
into Malaysian Prime Minister Najib Razak’s bank account. More money is
believed missing. The fund, 1Malaysia Development Bhd., is under
investigation in at least five countries. Mr. Najib and 1MDB have denied
wrongdoing and say they are cooperating with investigators.