At a glance
The U.S. Department of Justice, through its Kleptocracy Asset Recovery Initiative, filed civil forfeiture complaints from 2016 alleging that more than $3.5 billion -- later described as on the order of $4.5 billion -- had been diverted from 1MDB. Those complaints named Hollywood financing (including Red Granite Pictures and The Wolf of Wall Street), yachts, jewelry, and real estate as alleged proceeds.
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1MDB scandal · tagline
1Malaysia Development Berhad became a global kleptocracy case after 2015 reporting. U.S. and Malaysian courts later recorded convictions, pleas, and multi-billion-dollar recoveries. 1Malaysia Development Berhad (1MDB) was a Malaysian state-owned development fund created in 2009 from a Terengganu vehicle.
1MDB scandal · The U.S
The U.S. Department of Justice, through its Kleptocracy Asset Recovery Initiative, filed civil forfeiture complaints from 2016 alleging that more than $3.5 billion -- later described as on the order of $4.5 billion -- had been diverted from 1MDB. Those complaints named Hollywood financing (including Red Granite Pictures and The Wolf of Wall Street), yachts, jewelry, and real estate as alleged proceeds.
1MDB scandal · In Malaysia, the High Court convicted Najib on 28 July 2020 on s
In Malaysia, the High Court convicted Najib on 28 July 2020 on seven counts in the SRC International case (a 1MDB-related unit), including abuse of power and money laundering, and imposed twelve years' imprisonment and a fine. The Federal Court upheld the conviction on 23 August 2022. Jho Low remained a fugitive in the public record into the mid-2020s.
1MDB scandal · paras 1
1MDB raised money, including through Goldman-arranged dollar bonds in 2012 and 2013, for a development-fund story. Journalists and later prosecutors described a parallel story: large transfers to shell companies and to people around Jho Low. Najib, as prime minister and finance minister at key times, was the political principal in the Malaysian docket.
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In Malaysia, the High Court convicted Najib on 28 July 2020 on seven counts in the SRC International case (a 1MDB-related unit), including abuse of power and money laundering, and imposed twelve years' imprisonment and a fine. The Federal Court upheld the conviction on 23 August 2022. Jho Low remained a fugitive in the public record into the mid-2020s.
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This is a reading check for the atlas, not personal advice, a live price, or a booking. It does not replace the full topic page.
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1MDB raised money, including through Goldman-arranged dollar bonds in 2012 and 2013, for a development-fund story. Journalists and later prosecutors described a parallel story: large transfers to shell companies and to people around Jho Low. Najib, as prime minister and finance minister at key times, was the political principal in the Malaysian docket.
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