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t. e. The 1Malaysia Development Berhad scandal, often referred to as the 1MDB scandal or just 1MDB, is an ongoing corruption, bribery and money laundering conspiracy in which the Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB) was systematically embezzled, with assets diverted globally by the perpetrators of the scheme. [1]
The 1Malaysia Development Berhad scandal is an ongoing political scandal in Malaysia, in which then-Prime Minister Najib Razak was accused of channeling over RM 2.67 billion (approximately US$700 million) into his personal bank accounts from 1Malaysia Development Berhad (1MDB), a government-run strategic development company.
The Federal Land Development Authority ( Felda; Malay: Lembaga Kemajuan Tanah Persekutuan, LKTP) is a Malaysian government agency that was founded to handle the resettlement of rural poor into newly developed areas ( colonies, settlements or schemes) and to organize smallholder farms growing cash crops. Since the 1990s, it has not established ...
The 3 federal territories were formed for different purposes: Kuala Lumpur is the national capital, Putrajaya is the administrative centre of the federal government, and Labuan serves as an offshore financial centre. Kuala Lumpur and Putrajaya were carved out of Selangor, while Labuan was ceded by Sabah. The territories fall under the purview ...
Malaysia says Goldman Sachs failed to recover the agreed amount last year and must pay the $250 million. The bank disagreed. Johari said the government has extended the deadline for talks four times.
Malaysia 's car industry is dominated by two local manufacturers which are heavily supported by the government through National Car Policy e.g. trade barriers. These local manufacturers are Proton and Perodua. [2] These excise duties imposed on foreign manufactured cars have made them very expensive for consumers in Malaysia.
The federal budget is a major state financial plan for the fiscal year, which has the force of law after its approval by the Malaysian parliament and signed into law by the Yang di-Pertuan Agong . Revenue estimates detailed in the budget are raised through the Malaysian taxation system, with government spending representing a sizeable ...
A registration plate for a car belonging to the office of the Raja of Perlis. The Sultans of Malaysia, Rulers of States and their immediate royalty use unique registration plates. Most of these official number plates have a yellow background and bear the official title or crest of the owners, such as "Tengku Mahkota Johor" of the Regent of Johore.
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