Where it stands: 1MDB is the only real precedent for a debt-funded sovereign wealth fund ... even after the oil money runs out. The United States, by contrast, doesn't have windfall wealth.

The transactions now under scrutiny occurred when the 1MDB fund was in dire straits last year. Despite building up over $10 billion in debt, it had few assets. It also had a looming repayment of $ ...

In addition to directly channelling funds into the Prime Minister’s personal bank accounts, 1MDB has approximately MYR42bn ($9.5bn) in outstanding debt, a large portion of which stems from a 2013 ...

PUTRAJAYA: The High Court was told that 1Malaysia Development Bhd (1MDB) benefitted the country despite the massive debt it incurred. Datuk Seri Najib Razak disagreed with the prosecution's ...