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The bizarre story of 1MDB, the Goldman Sachs-backed Malaysian fund that turned into one of the biggest scandals in financial history
It's one of the greatest scandals in financial history. "1MDB" started as a plan to fund Malaysian infrastructure projects but turned into $3 billion problem.
Malaysia just got a new king, under a unique system where 9 royal families take turns to rule for 5 years each
Sultan Abdullah Sultan Ahmad Shah was crowned after Sultan Muhammad V unexpectedly abdicated on January 6.
"An apology is just not sufficient ... There must be the necessary reparations and compensations," Malaysia's finance minister Lim Guan Eng said.
Goldman Sachs knows where all the money went, says Malaysia finance minister as country gears up for fight for stolen 1MDB billions
"We have suffered extremely large losses," Lim Guan Eng tells the newspaper. "And don’t tell me you don’t know where the money went."
Malaysia files criminal charges against Goldman Sachs and 2 ex bankers, saying it seeks fines ‘well in excess’ of $2.7 billion
Prosecutors will seek criminal fines and jail time for the former Goldman executives Tim Leissner and Roger Ng Chong Hwa.
Hassan Al-Kontar's nightmare began on March 7, and found himself trapped in the transit area of Kuala Lumpur International Airport.
Singapore and Hong Kong excelled at tapping into an international talent pool, while Malaysia was investing in education to develop its homegrown skilled workforce
Nets says there is no currency conversion fee for card users and exchange rates are competitive.
Wealth, inheritance and capital gains tax are some of the taxes Malaysia has decided not to implement for fear of "massive" capital flight.
32 offences may no longer warrant the death penalty in Malaysia – including murder, kidnapping, and making nuclear weapons
Instead of the death penalty, those convicted of offences including gun use, drug trafficking, and the creation of weapons of mass destruction will receive sentences of at least 30 years' jail.