1MDB scandal
The 1MDB scandal involves a Malaysian state investment fund, 1Malaysia Development Berhad, which was established in 2009 to promote economic development. It is alleged that billions of dollars were misappropriated from the fund, with funds being diverted for personal use by high-ranking officials, including former Malaysian Prime Minister Najib Razak.
The scandal gained international attention as investigations revealed a complex web of financial transactions across multiple countries. Various global authorities, including the U.S. Department of Justice, sought to recover stolen assets, leading to legal actions against individuals and entities involved in the misappropriation of funds.