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Updated On: Sunday, 17 February 2019

World News

Category : Al Jazeera - Videos

?? Malaysia: The World's Biggest Heist | 101 East

2019-02-07 | ?? Malaysia: The World's Biggest Heist | 101 East

It's been branded the world's biggest heist - between 2009 and 2014 at least $4.5 billion was allegedly stolen from Malaysia's sovereign wealth fund, 1MDB.

At the centre of the scandal are the former Prime Minister, Najib Razak and the now fugitive Malaysian financier and alleged mastermind of the scam, Jho Low.

Ousted from power last year, Najib now faces almost 40 criminal charges and Jho Low is wanted in Malaysia, Singapore and the United States.

The heist allegedly began soon after a joint venture deal was signed between 1MDB and a little-known company called, PetroSaudi. Hundreds of millions were soon siphoned to a Swiss bank account controlled by Jho Low and then later, as alleged by the US Department of Justice, into Najib Razak’s personal bank accounts in Malaysia.

The world may never have known any of this, if it hadn’t been for a disgruntled PetroSaudi ex-employee, Xavier Justo. He leaked more than 200,000 confidential emails containing evidence of alleged criminal activity to a British journalist, Clare Rewcastle Brown.

At least half a dozen criminal investigations into the misappropriation of the billions of dollars from 1MDB are currently underway around the world and charges are being laid not only against the alleged conspirators, but executives from global financial institutions.

In this episode of 101 East we investigate the deals and alleged criminal cover-ups that robbed Malaysia of billions of dollars, and track down the accidental hero who blew the whistle.


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Al Jazeera - Al Jazeera English is an international news channel with over sixty bureaus around the world that span six different continents. Since being established in 2006, it has continued to grow in reach and popularity due to its global coverage, especially from underreported regions. The channel currently broadcasts to over 250 million households across 130 countries. Al Jazeera English's in-depth approach to journalism has won it numerous awards and plaudits over the years. Al Jazeera English is part of the Al Jazeera Network - one of the world's leading media corporations, encompassing news, documentary and sports channels.


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