1MDB: The case that's riveting Malaysia

BBC | .

Malaysians are no strangers to money politics but the high-profile players and the amount of funds allegedly involved in the so-called "1MDB scandal" have gripped the nation.

It stems from Prime Minister Najib Razak's strategic state fund called 1Malaysia Development Bhd (1MDB) set up in 2009 when he came into office. The fund is meant to turn Kuala Lumpur into a financial hub. It started to attract national attention recently, when it missed payments for the $11bn (£7.1bn; €9.9bn) it owes to banks and bondholders.

Former Prime Minister Mahathir Mohamad says the fund has taken on too much debt and lacks transparency. He also criticised Mr Najib's family's "lavish" lifestyle, which has been regularly discussed in the local press.

Then the Wall Street Journal (WSJ) reported that it had seen a paper trail that allegedly traces close to $700m from the troubled fund to Mr Najib's personal bank accounts.

Mr Najib is now facing calls to prove his assets are legal.

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