BACKGROUND OF 1 MALAYSIAN DEVELOPMENT BERHAD (1MDB)
1MDB stands for the 1Malaysia Development Berhad. In its own words, the 1MDB had this to say about itself published as part of the media statement released in April 2013 (Gunasegaram, 2013): “1MDB is Government-owned and supported but driven by private sector thinking and practices. It strives to fulfill the aspiration of the Government with …
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