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The 1Malaysia Development Berhad scandal, often referred to as the 1MDB scandal or just 1MDB, is an ongoing corruption, bribery and 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. [ 1]
Partygate[ a] was a political scandal in the United Kingdom about gatherings of government and Conservative Party staff during the COVID-19 pandemic in 2020 and 2021, when public health restrictions prohibited most gatherings. The scandal contributed to Boris Johnson 's downfall as Prime Minister and his resignation as an MP.
In 2024, Prime Minister Rishi Sunak described the scandal as one of the greatest miscarriages of justice in British history. Although many subpostmasters had reported problems with the new software, and Fujitsu was aware that Horizon contained software bugs as early as 1999, the Post Office insisted that Horizon was robust and failed to ...
The Wells Fargo cross-selling scandal was caused by creation of millions of fraudulent savings and checking accounts on behalf of Wells Fargo clients without their consent or knowledge due to aggressive internal sales goals at Wells Fargo. News of the fraud became widely known in late 2016 after various regulatory bodies, including the Consumer ...
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The 1Malaysia Development Berhad scandal is an ongoing political scandal in Malaysia, in which then-Prime Minister Najib Razak was accused of channeling over RM 2.67 billion (approximately US$700 million) into his personal bank accounts from 1Malaysia Development Berhad (1MDB), a government-run strategic development company.
SGS S.A. corruption case. On April 16, 1999, former Pakistani Prime Minister Benazir Bhutto and her husband, Asif Ali Zardari, were convicted by the Lahore High Court for accepting kickbacks from Societe Generale de Surveillance, a Swiss inspection company, during Bhutto's second term. [ 23] The court sentenced both to five years in prison ...
The LIBOR scandal is being called the "Wall Street scandal of all scandals" and the "rotten heart of finance," but the massive fraud can be hard to fathom for anyone who doesn't follow the markets.