2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Maldives
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Malaysia
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Mexico
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Malta
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Detailed explanation-1: -NEW YORK - A former Goldman Sachs banker was convicted Friday of bribery and other corruption charges accusing him of participating in a $4.5 billion scheme to ransack the Malaysian state investment fund known as 1MDB. A jury reached the verdict at the U.S. trial of Roger Ng in federal court in Brooklyn.
Detailed explanation-2: -In 2015, a document leak reported in The Edge, Sarawak Report, and The Wall Street Journal showed that Malaysia’s then-Prime Minister Najib Razak had channeled over RM 2.67 billion (approximately US$700 million) into his personal bank accounts from 1MDB, a government-run strategic development company.
Detailed explanation-3: -1Malaysia Development Berhad (1MDB) started off as Terengganu Investment Authority (TIA) which was initiated by the former Menteri Besar of Terengganu, Ahmad Said in 2008. TIA was a sovereign wealth fund with an initial fund of RM11 billion aimed at ensuring the economic development of Terengganu state.