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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

1MDB: Malaysia’s extraordinary financial scandal

Posted on 16 November 2016

Malaysian Prime Minister Najib Razak has been under fire since 2014 over allegations that billions of dollars were looted from state investment fund 1MDB in an audacious campaign of fraud and money-laundering.
On Saturday, an influential pro-reform group is planning a rally in downtown Kuala Lumpur to demand Najib’s ouster over the affair. Here are some answers to key questions in the saga. What is 1MDB? - 1Malaysia Development Berhad (1MDB) is a state investment fund Najib launched in 2009 shortly after assuming office………………………………….Full Article: Source


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VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


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