Analysis – How Malaysia’s 1MDB Scandal Shook the Financial World
Article summary
Analysis close Analysis Interpretation of the news based on evidence, including data, as well as anticipating how events might unfold based on past events How Malaysia’s 1MDB Scandal Shook the Financial World The Tun Razak Exchange project in Kuala Lumpur, Malaysia. Angry voters ousted Najib in a 2018 election that ended his party’s 61 years of rule, and two years later he was convicted in the first of a series of trials. […] Scattered, but slowly coming in. Under the July 24 settlement, Malaysia will drop all criminal charges against Goldman in exchange for a $2.5 billion cash payment and at least $1.4 billion from seized 1MDB assets being returned with the help of U.S. prosecutors and Goldman. […] Malaysia also has said it is looking into allegations that China offered to help fend off probes into 1MDB in the U.S. and elsewhere in exchange for stakes in infrastructure projects in Malaysia. […] According to U.S. prosecutors, Jho Low in 2013 allegedly funneled $27.3 million that was looted from 1MDB to a New York jeweler who designed a pink diamond necklace for her.
