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.

Who is Jollo and what is he accused of?

What is the significance of the luxury yacht in the context of the investigations?