| The year in Malaysia started with the debt struggles of state investment firm 1Malaysia Development Berhad (1MDB) and how it got into the mess in the first place. And the same questions remain as the year draws to a close.
The 1MDB, which is owned by the Finance Ministry, was set up by Prime Minister Najib Razak in 2009 and he heads its board of advisers. In July, Datuk Seri Najib was confronted with another scandal when some US$680 million (S$961 million) in cash was discovered in his bank accounts by investigators probing 1MDB. The Malaysian government says it is working hard to erase 1MDB's debts...............................................Full Article: Source
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