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.

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 ...

For Malaysia, the consequences of 1MDB are far from over. The country remains on the hook for more than 42 billion ringgit (US$9.5 billion) in debt tied ... from the United States, where the ...