Episode Details
Back to Episodes
1MDB: How a Malaysian Sovereign Fund Was Looted for $4.5 Billion - Part 3: The Paper Trail of Theft
Season 4
Episode 3
Published 1 month ago
Description
To understand 1MDB, you have to follow the money where it actually went, not where the public was told it would go. That is where the fraud becomes visible. Not in one dramatic move, but in repetition. Borrow, route, relabel, justify. Then do it again.The paper trail was not a side effect of the scheme. It was the engine. According to United States Department of Justice complaints and settlements, large sums from 1MDB-related transactions were diverted into a web of shell companies and bank accounts tied to associates of Jho Low. The mechanics were always the same in structure, even when the destinations changed.Learn more at: https://thefraudarchive.com/fraud/1malaysia-development-berhad
The Fraud Archive is part of The Archive Network by Jonkai Ventures, a collection of podcasts dedicated to exploring history's greatest cons, scams, and financial crimes.
Support the podcast and access exclusive content on Patreon:
https://thearchivenetwork.com/support
Discover more archives and stories:
https://thearchivenetwork.com
Explore this archive:
https://thefraudarchive.com
Hosted on Acast. See acast.com/privacy for more information.