Smycken och handväskor för miljarder hos Razak

The 1Malaysia Development Berhad Scandal is an ongoing political scandal occurring in Malaysia. In 2015, former Malaysia's Prime Minister Najib Tun Razak was accused of channelling over RM 2.67 billion (nearly USD 700 million) from 1Malaysia Development Berhad (1MDB), a government-run strategic development company, to his personal bank accounts. The event triggered widespread criticisms among Malaysians, with many calling for Najib Razak's resignation – including Tun Dr. Mahathir Mohamad who has served as the fourth and now the seventh Prime Minister. Political leader Anwar Ibrahim has openly questioned the credentials of 1MDB. He told Parliament that according to the records held by the companies commission, the company "has no business address and no appointed auditor." According to its publicly filed accounts, 1MDB has nearly RM 42 billion (USD 11.73 billion) in debt. Some of this debt resulted from a $3 billion state-guaranteed 2013 bond issue led by Goldman Sachs, who is believed to have made as much as $300 million in fees from that deal alone, although it disputes this figure. Conference of Rulers in Malaysia has called for the investigations by the government to be completed as soon as possible, saying that the issue is causing a crisis of confidence in Malaysia. After the 14th general election, the newly elected Prime Minister Dr. Mahathir Mohamad said there was enough evidence to reopen a probe on the 1MDB scandal. Having filed complaints alleging that more than USD 4.5 billion was diverted from 1MDB and laundered through a web of shell companies and bank accounts located in the United States and elsewhere, the U.S. Department of Justice said it would continue to pursue investigations into 1MDB and looked forward to working with Malaysian law enforcement authorities. On 18 May 2018, Malaysian police seized a huge haul of designer handbags, many of them stuffed with cash and jewelry, in searches of homes and offices linked to Najib Razak, who has been barred from leaving the country in the wake of the election amid allegations he oversaw the looting of billions from 1MDB.