Originally 1MDB – an abbreviation of 1Malaysia Development Berhad (which means limited) – was nothing more than a Malaysian state fund, set up in 2009 to promote development through foreign investment and partnerships. The then prime minister, Najib Razak, was its chairman.

The fund has since been at the heart of one of the biggest corruption scandals in the world. The US justice department believes more than $4.5bn was stolen and the resulting scandal has been responsible for the toppling of a government this year and the arrest of Najib, his wife, Rosmah Mansor, and a growing number of close associates.

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