#80: 1MDB & The Missing Malaysian Billions
English Learning for Curious Minds
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One MDB and Joe Lowe - The Fund's Story
One MDB was set up by Malaysian Prime Minister Najib Razak. The fund raised $10 billion from foreign investors in just five years. There were questions about what this money was actually going towards though. One MDB had made a series of investments in Malaysian infrastructure projects, but people were saying that it paid far too much money for them. In exchange for paying too much money, politicians received kickbacks they had received payments or favours from the sellers.
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