Timeline: Malaysia's Spiraling 1MDB State Fund Controversy - Bloomberg Business:
"From the moment Malaysian Prime Minister Najib Razak took over the fund in 2009, 1Malaysia Development Bhd. has remained controversial. It was set up by the oil-rich state Terengganu and was turned by Najib into a federal government-owned development fund.
Plagued by heavy debt and questions about its management, the state of 1MDB grew into a scandal that moved closer and closer to the heart of government, culminating in multiple investigations—in Malaysia and overseas—into the company. It prompted calls for Najib's ouster, and recalled the nation's long struggle with corruption and economic disappointment.
Here is a timeline of 1MDB's evolution and how it turned into one of Najib's biggest crises as Malaysia's leader."
'via Blog this'
No comments:
Post a Comment