1Malaysia Development Bhd (1MDB) is among companies that are suing the wife of former Malaysian prime minister Najib Razak for allegedly obtaining over US$346 million worth of luxury goods through misappropriated funds.
1Malaysia Development Bhd (1MDB) is among companies that are suing the wife of former Malaysian prime minister Najib Razak for allegedly obtaining over US$346 million worth of luxury goods through misappropriated funds.
That’s quite a mind boggling sum. Three hundred million?? In luxury goods??
It’s like instead of stealing the Mona Lisa, stealing the whole damn Louvre!
That’s probably a low figure. The PM and his wife’s multiple homes were raided in 2018: https://www.straitstimes.com/asia/se-asia/dozens-of-hermes-birkin-bags-and-other-items-seized-from-najib-linked-apartment
Jho Low, one of the key figures behind the 1MDB scandal (supposed contributor to the PM’s funds) is said to have funneled even more, investing in Hollywood movies and dating actresses and supermodels. He is still a fugitive. There’s a fascinating book on the whole thing: https://en.m.wikipedia.org/wiki/Billion_Dollar_Whale