Malaysia, 1MDB & Goldman Sachs Financial Fraud Explained

Ever heard of a real-life heist bigger than any Hollywood movie? From bribery to massive settlements and an Ex-PM facing jail time, this 1MDB Scandal had it all.

Get to know about Malaysia, 1MDB & Goldman Sachs Financial Story Explained:

00:00 Quick Projects Intro

00:05 Malaysia, 1MDB & Goldman Sachs Financial Scandal Intro

00:50 Malaysia introduces sovereign wealth fund – 1MDB

01:12 ⁠Jho Low & Najib Razak (former Prime Minister of Malaysia), masterminds behind the 1MDB Scandal

01:51 Goldman Sachs helped raise $6.5 billion for 1MDB, earning $600 million in fees

02:15 Key executive; Tim Leissner admitted to bribery and creating fake documents

02:35 Fallout? Goldman Sachs paid over $5 billion in settlements

02:44 Former Prime Minister Najib Razak got 12 years in prison, and Jho Low remains a fugitive

03:28 Quick Projects Outro

What does the Goldman Sachs, Malaysia & the $4.5 Billion 1MDB Scandal say about global finance? A few bad actors or a deeper systemic issue? Share your thoughts below!

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Source: Publicly available data from various news outlets.

Host & Script- Manpreet Kour
Video- Loud Beats Inc.
Project- SOOFI (Manmeet Pal Singh)

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