KUALA LUMPUR, Malaysia U.S. authorities have charged a fugitive Malaysian financier and two former Goldman Sachs bankers in a money laundering and bribery scheme that allegedly pilfered billions from Malaysian state investment fund 1MDB. The corruption scandal involving the fund had already upended politics in the country. Prime Minister Najib Razak, who set up the fund, was ousted in a May election and now faces criminal charges in Malaysia. Last year, the country sank to its worst-ever rating in the influential Corruption Perceptions Index compiled by Transparency International. Heres a look at the fund and how the scandal has played out:
1MDB WHAT?
The fund, 1Malaysia Development Berhad, was set up in 2009 to promote e…
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