14
Feb
19

Malaysia: The World’s Biggest Heist – Al Jazeera video

Malaysia: The World’s Biggest Heist

It’s been branded the world’s biggest heist – between 2009 and 2014 at least $4.5 billion was allegedly stolen from Malaysia’s sovereign wealth fund, 1MDB.

At the centre of the scandal are the former Prime Minister, Najib Razak and the now fugitive Malaysian financier and alleged mastermind of the scam, Jho Low.

Ousted from power last year, Najib now faces almost 40 criminal charges and Jho Low is wanted in Malaysia, Singapore and the United States.

The heist allegedly began soon after a joint venture deal was signed between 1MDB and a little-known company called, PetroSaudi. Hundreds of millions were soon siphoned to a Swiss bank account controlled by Jho Low and then later, as alleged by the US Department of Justice, into Najib Razak’s personal bank accounts in Malaysia.

The world may never have known any of this, if it hadn’t been for a disgruntled PetroSaudi ex-employee, Xavier Justo. He leaked more than 200,000 confidential emails containing evidence of alleged criminal activity to a British journalist, Clare Rewcastle Brown.

…more
Malaysia: The World’s Biggest Heist
Feb 7, 2019 – Al Jazeera English

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for the triumph of evil
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