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1Malaysia Development Berhad scandal
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1Malaysia Development Berhad scandal : ウィキペディア英語版
1Malaysia Development Berhad scandal

The 1Malaysia Development Berhad Scandal is an ongoing political scandal occurring in Malaysia. In 2015, Malaysia's Prime Minister, Najib Tun Razak, was accused of channelling over RM (nearly USD ) from 1MDB, a government-run strategic development company, to his personal bank accounts. The event triggered widespread criticisms among Malaysians, with many calling for Najib's resignation - including former Malaysian Prime Minister Tun Dr. Mahathir Mohamad. Opposition leader, Anwar Ibrahim, has openly questioned the credentials of 1MDB. He told Parliament that according to the records held by the companies commission, the company "has no business address and no appointed auditor."
1MDB has an estimated $12 billion in debt, much in junk bonds. Some of this debt resulted from a $3 billion state-guaranteed 2013 bond issue led by Goldman Sachs, who is believed to have made as much as $300 million in fees from that deal alone, although it disputes this figure. Conference of Rulers in Malaysia has called for the investigations by the government to be completed as soon as possible, saying that the issue is causing a crisis of confidence in Malaysia.〔http://www.straitstimes.com/asia/se-asia/malaysias-rulers-urge-government-to-tie-up-probe-into-1mdb-as-soon-as-possible〕〔http://www.aljazeera.com/news/2015/10/royal-rulers-deplore-malaysia-crisis-confidence-151007064312312.html〕
== Change of auditors and transparency ==
The RM425 million profit between 25 September 2009 and 31 March 2010 raised many criticisms and controversies on the lack of transparency given to 1MDB's accounts. Tony Pua, DAP Member of Parliament for Petaling Jaya Utara questioned Prime Minister Najib, 1MDB advisory board chairman, whether the figures were the result of an asset injection into 1MDB by the government such as the transfer of land rights to the company.
During the October 2010 parliamentary session, 1MDB explained that its accounts had been fully audited and signed by KPMG, and closed as of 31 March 2010. Deloitte was involved in the valuation and analysis of the portfolio, while Ernst & Young provided tax advice for 1MDB.
1MDB raised attention by asking for a six-month extension on the annual report meant to be filed in with the CCM by 30 September 2013. In the meantime, the change of three auditors since its inception in 2009 was considered suspicious. It also said that 1MDB has lodged the necessary information, including its registered address, with the Companies Commission of Malaysia as required by the law. The business address is also available on the company’s website, www.1mdb.com.my.
The Sungai Besi airport land transfer took place on June 2011 will be developed as Bandar Malaysia, a mixed integrated development of commercial, residential and hi-tech green environment. There have been questions by the opposition regarding lack of progress on Bandar Malaysia even after 1MDB raised RM3.5 billion in loans and Islamic bonds to fund the project and take ownership of the land.〔(【引用サイトリンク】title=Amid lack of progress in Bandar Malaysia, Rafizi questions 1MDB’s RM3.5b debt )〕〔(【引用サイトリンク】title=Why is 1MDB raising RM2.4bil in loans? )
On 7 September 2015 a member of the board of advisors to 1MDB Abdul Samad Alias resigned stating that he did so after his many requests for information on 1MDB affairs were ignored.〔(【引用サイトリンク】title=1MDB accepts adviser's resignation - Nation - The Star Online )〕〔(【引用サイトリンク】title=1MDB insists former adviser was not ignored )

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