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The 1Malaysia Development Berhad scandal is an ongoing political scandal in Malaysia, in which then-Prime Minister Najib Razak was accused of channeling over RM 2.67 billion (approximately US$700 million) into his personal bank accounts from 1Malaysia Development Berhad (1MDB), a government-run strategic development company.
The 1Malaysia Development Berhad scandal, often referred to as the 1MDB scandal or just 1MDB, is an ongoing corruption, bribery and money laundering conspiracy in which the Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB) was systematically embezzled, with assets diverted globally by the perpetrators of the scheme. [ 1]
In line with the 1MDB Group rationalization plan, on 31 December 2015, 1MDB announced the sale of 60% equity in Bandar Malaysia Sdn. Bhd. to the consortium of Iskandar Waterfront Holdings (IWH) and China Railway Engineering Corporation(CREC) with a 60:40 ratio. The IWH-CREC Consortium has valued 100 percent of Bandar Malaysia's land at RM12.35 ...
One result of Mahathir's 1993 "Malaysia Plan" was the creation of the Binariang Sdn. Bhd. company by Malaysian tycoon Ananda Krishnan, which was given the charter to develop Malaysia's first satellite communications system. In 1994, Binariang signed a contract with Hughes Space and Communications Company (now Boeing Satellite Systems) for two ...
UMW Toyota Motor Sdn. Bhd. (UMWT) is the appointed Toyota distributor, assembler and exporter of Toyota vehicles in Malaysia. The company was founded in October 1982 as Sejati Motor, prior to being renamed UMW Toyota Motor in October 1987. UMW Toyota Motor is a 51:39:10 joint venture between Malaysia-based United Motor Works (UMW), and the ...
List of Malaysian banks by total assets as of 31 December 2023 ... (Malaysia) Sdn Bhd; ... Hong Leong Assurance Sdn Bhd; John Hancock Life Insurance Berhad;
Astro is a wholly-owned subsidiary of Astro Malaysia Holdings Berhad and is operated by MEASAT Broadcast Network Systems Sdn. Bhd. It operates from the All Asia Broadcast Centre (AABC) in Kuala Lumpur and MEASAT in Cyberjaya. It forms part of the mass media duopoly in the country alongside Media Prima. [2]
The LRT Kelana Jaya Line is a medium-capacity light rapid transit (LRT) line and the first fully automated and driverless rail system in the Klang Valley, Malaysia. It forms part of the Klang Valley Integrated Transit System in and around Kuala Lumpur, Malaysia. Servicing 37 stations, the line has 46.4 km (28.8 mi) of grade-separated tracks ...