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The 1Malaysia Development Berhad scandal, often referred to as the 1MDB scandal or just 1MDB, is an ongoing corruption, bribery and money laundering conspiracy in which the Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB) was systematically embezzled, with assets diverted globally by the perpetrators of the scheme. [ 1]
t. e. 1Malaysia Development Berhad ( 1MDB; Malay: [ˈsatu maˈlajʃa dɛˈvɛlɔpmɛn (t) bərˈɦad]) is an insolvent [ 1] Malaysian strategic development company, wholly owned by the Minister of Finance (Incorporated). [ 2][ 3] In 2015, the company became the subject of a major international corruption scandal, with evidence pointing to money ...
The 1Malaysia Development Berhad scandal is an ongoing political scandal in Malaysia, in which then-Prime Minister Najib Razak was accused of channeling over RM 2.67 billion (approximately US$700 million) into his personal bank accounts from 1Malaysia Development Berhad (1MDB), a government-run strategic development company.
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Public Bank Berhad: Banking 5,578 1,459 19,827 Kuala Lumpur 10 Batu Kawan Berhad: Chemicals 5,449 109 42,559 Ipoh: 11 Kuala Lumpur Kepong Berhad: Agribusiness 5,226 184 48,487 Kuala Lumpur 12 YTL Power: Utilities 4,877 452 4,800 Kuala Lumpur 13 Axiata: Telecommunications 4,829 -438 10,800 Kuala Lumpur 14 IHH Healthcare: Healthcare 4,595 648 ...
One result of Mahathir's 1993 "Malaysia Plan" was the creation of the Binariang Sdn. Bhd. company by Malaysian tycoon Ananda Krishnan, which was given the charter to develop Malaysia's first satellite communications system. In 1994, Binariang signed a contract with Hughes Space and Communications Company (now Boeing Satellite Systems) for two ...
Hong Leong Company (Malaysia) Berhad, more commonly known as Hong Leong Group, is a conglomerate based in Malaysia. Founded as a trading company in 1963 by Quek Leng Chan and Kwek Hong Png , the company controls 14 listed companies involved in the financial services, manufacturing, distribution, property and infrastructure development.
Genting Malaysia Berhad (49.5 [ 21] % owned by Genting Berhad) – It is involved in leisure and hospitality, gambling and entertainment which includes its casino businesses in Malaysia, in the Americas and the United Kingdom. Genting Malaysia owns and operates major properties including Resorts World Genting in Malaysia, Resorts World Casino ...