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(PDF) 1MDB (1 Malaysia Development Berhad), Scandal

   

Added on  2021-06-05

12 Pages1975 Words74 Views
FinancePolitical Science
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(PDF) 1MDB (1 Malaysia Development Berhad), Scandal_1

(PDF) 1MDB (1 Malaysia Development Berhad), Scandal_2

“The money for 1MDB is not from the country’s surplus. It is a debt. Bil-lions of ringgit in debt that is added to the already-hight national debt. The national debt must be paid. If not, we will be bankrupt. - Tun M1MDB’S BIG SCANDAL Photo Caption The 1MDB stands for 1 Malaysia Development Berhad. It is a company formed in 2009 by the federal government of Malay-sia. 1MDB is Government-owned and supported but driven by private sector thinking and practices. It strives to fulfill the aspiration of the Government with the agility of the private sector. Bonds raised are part of capital for the strategic initia-tives it undertakes.The 1MDB had its origin as Terengganu Investment authority (TIA) which was a body intended to be a sovereign wealth fund to promote the eco-nomic interests of the state of Terengganu located in the east coast of the peninsular Malaysia. 1MDB had become such a problem for many by late 2014. And today few year later the sad and debilitating saga contin-ues unabated. The 1MDB is just like the Bank Bumiputra Malaysia Bhd (BBMB) scandal in 1983, what was the biggest banking scandal in world history. 1 Malaysia Development Berhad Formed in 2009
(PDF) 1MDB (1 Malaysia Development Berhad), Scandal_3

(PDF) 1MDB (1 Malaysia Development Berhad), Scandal_4

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