The 1Malaysia Development Berhad scandal, was a corruption, bribery & 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.
It implicated political, banking and entertainment figures and institutions internationally. The BBC called the 1MDB scandal “one of the world’s greatest financial scandals” and in 2016 the US DOJ, the “largest kleptocracy case to date”.
https://en.wikipedia.org/wiki/1Malaysia_Development_Berhad_scandal