The Malaysian 1MBD fraud scandal - can RegTech overcome kleptocracy?
Last Tuesday, the 28th of July 2020, disgraced former Malay Prime Minister Najib Razak was found guilty on the seven charges brought against him relating to the multi-billion dollar ‘1 Malaysia Development Barhad’ (1MBD) scandal, which saw billions of dollars worth of Malay taxpayer’s money funnelled out of Malaysia and into the pockets Najib and his associates. Tuesday’s ruling is a major landmark in the 1MDB case, and marks the first indictment against former Prime Minister

