1Malaysia Development Berhad

1Malaysia Development Berhad (1MDB) was a Malaysian government-owned investment fund established in 2009 with the goal of promoting economic development and infrastructure projects in Malaysia. It aimed to attract foreign investment, create jobs, and boost national growth through various ventures. However, 1MDB became widely known due to allegations of financial misconduct, corruption, and embezzlement involving high-level officials and private entities. These issues led to investigations and legal actions in multiple countries, significantly impacting Malaysia’s reputation and prompting reforms in governance and financial oversight.