1MDB

1Malaysia Development Berhad, commonly known as 1MDB, was a Malaysian state-owned strategic development company. Established in 2008, it was initially intended to drive Malaysia's economic development and attract foreign investment through strategic partnerships and investments. The company was headquartered in Kuala Lumpur.

Over time, 1MDB became embroiled in a major international financial scandal. Allegations surfaced regarding massive financial irregularities, corruption, and money laundering involving billions of dollars. Investigations by several countries, including Malaysia, Singapore, and the United States, pointed to the misappropriation of funds intended for development projects.

The scandal led to significant political repercussions in Malaysia, contributing to the downfall of the ruling coalition in the 2018 general election. Numerous individuals, including former Prime Minister Najib Razak, faced charges related to the 1MDB affair. The controversy also involved international financial institutions and resulted in asset recovery efforts by various governments. The company's assets were eventually transferred or liquidated.