Malaysia's top court
former prime minister Najib Razak
12-year prison sentence
August 23, 2022
1Malaysia Development Berhad (1MDB)
1MDB was a sovereign fund set up in 2009
help of Malaysian financier Jho Low
promote economic development.
prime minister from 2009 to 2018,
chaired its advisory board until 2016.
raised billions of dollars in bonds for use in investment projects and joint ventures between 2009 and 2013.
kleptocracy investigation, the U.S. Department of Justice (DoJ)
diverted to offshore bank accounts and shell companies
linked to Low.
billions more remain unaccounted for.
buy luxury assets and real estate for Low and his associates,
private jet, a superyacht, hotels, jewelry, and to finance the 2013 Hollywood film "The Wolf of Wall Street",