1MDB

1MDB (1Malaysia Development Berhad) was a Malaysian government investment fund created in 2009 to promote economic development. However, the fund became embroiled in a massive corruption scandal involving the embezzlement of billions of dollars. High-level officials, including former Prime Minister Najib Razak, were accused of misuse, money laundering, and illicit transfers. The scandal drew international attention, led to criminal charges, and damaged Malaysia’s reputation, highlighting issues of governance, accountability, and the risks of large-scale state investments.