The 1MDB scandal involves the alleged fraud siphoning funds from 1MDB, a former state-owned entity of Malaysia, implicating Goldman Sachs, with a luxury seaside villa in Cyprus now under auction.
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Updated oct 12
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How it started
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What happened
The 1MDB scandal involves the alleged fraud siphoning funds from 1MDB, a former state-owned entity of Malaysia, implicating Goldman Sachs, with a luxury seaside villa in Cyprus now under auction.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- DBS Bank is involved in the ongoing recovery efforts related to the 1MDB scandal.Sub-event
- Government paid RM42.5 billion of 1MDB debts, saddling the country with higher borrowing costs.Sub-event
US holds assets linked to 1MDB misappropriation.1 source
1MDB fraud case involving Malaysian state entity, Goldman Sachs, and a luxury villa in Cyprus.1 source
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The entities involved
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1Malaysia Development Berhad
insolvent development company embroiled in scandals
Nothing else this week.
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Malaysia
country in Southeast Asia
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Goldman Sachs
American investment bank