How Malaysia's 1MDB Scandal Shook the Financial World

The 1MDB scandal involves embezzlement and money laundering across multiple countries, initiated by the Malaysian government under Najib Razak. The fund, initially aimed at investments, ended up $12 billion in debt. Investigations revealed billions were funneled through fraudulent transactions. Najib and Goldman Sachs face charges, with the latter accused of misrepresenting bond sales. Fugitive financier Jho Low is implicated in diverting funds for personal gain, leading to asset seizures.

What was one of the initial projects 1MDB invested in?

• A sports stadium

• A new airport

• Privately owned power plants

• A national highway

How much debt did 1MDB accumulate?

• $15 billion

• $12 billion

• $8 billion

• $5 billion

Which department reported that over $4.5 billion was moved through fraudulent transactions?

• The UK Treasury

• The Canadian Revenue Agency

• The US Justice Department

• The Australian Federal Police

What was Goldman Sachs accused of in relation to 1MDB?

• Hiding assets

• Bribing officials

• Misrepresenting bond sales

• Embezzling funds

What was Jho Low accused of doing with the diverted funds?

• Donating to charity

• Using them as kickbacks to officials

• Funding a political campaign

• Investing in real estate