The Mastermind Behind the $4 Billion 1MDB Con [video learning]
06/08/2024
It's one of the biggest thefts in history. More than $4 billion from Malaysia's state-owned investment fund was siphoned off and the money spent on items including:
- A private jet,
- A super-yacht,
- Mansions and
- Even the Hollywood movie "The Wolf of Wall Street."
The 1MDB corruption scandal toppled the Malaysian government and set off investigations across the globe.
The key facts:
- Malaysia's former Prime Minister Najib Razak will begin a 12-year prison sentence after losing his appeal against his money laundering conviction.
- The 69-year-old's charges relate to a corruption scandal involving state-owned wealth fund Malaysia Development Berhad (1MDB).
- He was convicted in 2020 when a court found him guilty on seven counts centred on a total of 42m ringgit ($9.4m; £8m), but he had been out on bail during the appeal.
- Najib Razak has always denied any wrongdoing.
3 videos to learn more.
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.