1MDB, a Malaysian sovereign wealth fund, was exposed as a massive fraud in 2015. In 2016 the US DOJ described it as "the world’s largest case of cleptocracy to date". $4 billion were stolen, 10 different countries initiated criminal investigations, $8 billion in loans are still due. In this episode, I talk to the person who braught the fraud to light: Xavier Justo, Swiss banker and 1MDB whistleblower. In this first of two parts, Xavier recounts how his career started, what his work entailed and why in 2015 he passed 227.00 emails to the media.
Direct support for this podcast comes from Nemexis GmbH, a corporate crime investigations company based in Berlin, Germany (nemexis.de).
Your host is Paul Milata, CFE, PhD. You can reach us at grandfraud@nemexis.de
Views expressed by podcast guests are their own and not the view of The Grand Fraud Podcast, Paul Milata or Nemexis GmbH.
