TIL Malaysia's sovereign wealth fund resulted in the Prime Minister and a UPenn educated businessman stealing all the funds ($12bn USD)

https://en.wikipedia.org/wiki/1Malaysia_Development_Berhad_scandal

Cross-post from Reddit - removed post

37 points · 2 comments · view on lemmy.world

2 Comments

adarza@lemmy.ca · 8 pts · 1y

which is why lord diaper and emperor old spice want their own sovereign fund.

Donjuanme@lemmy.world · 6 pts · 1y

Interesting that's how Gaben got his yacht. (He legitimately purchased the yacht from an auction, the yacht was designed and developed with the stolen funds)