Current Issue - 1MDB

Scandal
1MDB is a multi-billion national investment board for
Malaysia.

In 2015, the Wall Street Journal alleged that some

$700 million of 1MDB funding was directed to the
personal accounts of the Malaysian prime minister
Datuk Seri Najib Razak.

Swiss prosecutors estimate that some $4 billion has

been laundered through the Malaysian fund.

A Swiss banker was prosecuted for money laundering

in Singapore earlier this year (2017). The case involved
the laundering of up to $1.7 billion funds previously
linked to the 1MDB fund.
 Current Issue - 1MDB
Scandal (Contd)
An Abu Dabi-based sovereign fund is claiming
$600 million in refunds following the
investigations.

Malaysia's own judicial response have been light.

Prime Minister Najib Razak was cleared of any
wrong-doing by a parliamentary commission in
the 1MDB case in 2016.

The United States Department of Justice

announced earlier this year that it plans to
recover $540 million in stolen assets related to
the 1MDB affair.
1MDB Whistleblower
PKR's Pandan MP Rafizi Ramli is not protected under the
Whistleblower Protection Act as he exposed the
information publicly.

Not protected under this Act (Whistleblower Protection

Act) because (he) had revealed the information openly.

His identity was exposed in the process and thus he does

not qualify to be a whistleblower and be protected under
the Act.