Cross-post from Reddit - removed post
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
https://en.wikipedia.org/wiki/1Malaysia_Development_Berhad_scandal
Cross-post from Reddit - removed post
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)