FAQ About 1MDB

FAQ About 1MDB

Q1. Is 1MDB a sovereign wealth fund?

No. 1MDB is a strategic development company, wholly owned by the Government. However, unlike sovereign wealth funds, which are funded by and act as investment holding arms of the Government, we raise and invest our own capital.

1MDB’s mission is to drive the sustainable long-term economic development and growth of Malaysia by forging strategic global partnerships and attracting foreign direct investment into the country. 1MDB also participates in strategic sectors that ultimately help drive the country’s socio-economic growth.

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Muhyiddin Yassin: PM should tell the truth on 1MDB

Kuala Lumpur:  Deputy Prime Minister Muhyiddin Yassin has publicly announced that Prime Minister Najib Razak has to explain the 1MDB issues to the people on Sunday night. The issue was raised after the closing event of UMNO Cheras annual division meeting. Muhyiddin Yassin said that he chose to speak up  so that the government will not underestimate the people’s sentiments on 1MDB.

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