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1MDB: The World’s Biggest Heist (video)

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It has been branded the world’s biggest heist – between 2009 and 2014 at least US$4.5bn was allegedly stolen from Malaysia’s sovereign wealth fund, 1MDB.

At the centre of the scandal are the former Prime Minister, Najib Razak, and the now fugitive Malaysian financier and alleged mastermind of the scam, Jho Low. Ousted from power last year, Najib now faces almost 40 criminal charges and Jho Low is wanted in Malaysia, Singapore and the United States.

The heist allegedly began soon after a joint venture deal was signed between 1MDB and a little-known company called, PetroSaudi. Hundreds of millions were soon siphoned to a Swiss bank account controlled by Jho Low and then later, as alleged by the US Department of Justice, into Najib Razak’s personal bank accounts in Malaysia.

The world may never have known any of this, if it hadn’t been for a disgruntled PetroSaudi ex-employee, Xavier Justo. He leaked more than 200,000 confidential emails containing evidence of alleged criminal activity to a British journalist, Clare Rewcastle Brown.

At least half a dozen criminal investigations into the misappropriation of the billions of dollars from 1MDB are currently underway around the world and charges are being laid not only against the alleged conspirators, but executives from global financial institutions.

In this episode of Al Jazeera’s 101 East we investigate the deals and alleged criminal cover-ups that robbed Malaysia of billions of dollars, and track down the accidental hero who blew the whistle.

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Dr. SNaidu
Dr. SNaidu
11 Feb 2019 1.24pm

This issue is certainly weighing down heavily on Malaysians as a whole, and, concerned citizens who want our posterity to truly inherit a god-blessed nation. The present government is aware, i believe and we pray we are not wrong, that what is seriously lacking is simple. wholesome education that is on-going, even after a certificate is ‘achieved’. The time is NOW that spiritual-religious and a balanced, secular education in the national, vernacular, religious schools, institutions,etc, is intently monitored and guided by the public authorities. We need to be AWARE of how the harm that Trump’s exclusivity, introvertiveness, and at our own door steps-the corruption scandals, people declaring to have certain degrees,… can IMPACT US..

9 Feb 2019 7.47am

We all have been reading about this mockery since 2010. PH Gov is trying to do something about this. Question is will all the crooks & associates ever be put behind bar. Has any previous BN / UMNO leaders agreed or accepted on this abuse of power on what the whole world accuses about Malaysia? So is anyone every going to jail? Now that a Billion Dollar Question.

Phua Kai Lit
Phua Kai Lit
8 Feb 2019 10.02pm

More than 30 criminal charges — at least some are bound to stick. Let this be a big lesson to other Third World kleptocrats.

Machiavelli said that The Prince should make his subjects fear him, and not hate him i.e. do not generate hate by touching his subjects’ women or their money.
Under the 1Malaysia regime, all sorts of monies of the subjects were “touched” — including funds such as Tabung Haji.

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