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Is Man on the Run Based on a True Story

Netflix recently added “Man on the Run,” a documentary film.  Is Man on the Run Based on a True Story? It delves into the notorious 1MDB scandal, one of the largest financial scams in world history. The documentary presents a crisp narrative. It is providing a solid background through interviews with nearly every notable individual involved in the scandal. Millions of dollars were stolen from Malaysia’s sovereign wealth fund by a corrupt few. “Man on the Run” effectively captures the entirety of the matter. Notably, the documentary includes an interview with one of the primary accused. It a well-crafted exploration of this significant financial scandal.

Is Man on the Run Based on a True Story

A crisp and well-presented documentary film on the infamous 1MDB scandal. It features solid background information and interviews with nearly every notable individual involved in the incident. The biggest financial scams in world history. Involved the theft of millions of dollars from Malaysia’s sovereign wealth fund by a corrupt few.

The government created 1MDB as a sovereign wealth fund with the plan to use the money for investments abroad. In simple terms, 1MDB was a fund intended for investing in bonds and projects in foreign countries. Aiming to generate profits for future development projects in Malaysia.

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What Was The 1MDB Scandal, Man on the Run Based on a True Story

Man on the Run Based on a True Story
Man on the Run Based on a True Story

Man on the Run explores the 1MDB scandal, focusing on one of its primary accused. Najib Abdul Razak and commences with an examination of his background to unravel his audacity. Born into the influential Razak family, akin to the Kennedys in the United States. Najib Razak, propelled by his family’s political legacy, rose through the ranks to become Malaysia’s Prime Minister in 2009. Under his leadership, Najib established the 1Malaysia Development Berhad (1MDB) as part of his political campaign.

The 1MDB, a sovereign wealth fund, was created by the government to utilize funds for foreign investments. In simple terms, it aimed to invest in bonds and projects abroad, intending to generate profits for Malaysia’s development projects. Despite sovereign wealth funds being commonplace in wealthier nations like the UAE and Qatar. Malaysia lacked sufficient funds for foreign investments in 2009. The Malaysian government choose to borrow money for 1MDB. The prudent financial decision at the time. However, one of the fund’s initial joint ventures with a Saudi Arabian oil company, PetroSaudi, was later revealed to be a deceptive scam.

1MDB Scandal:  Web of Corruption, Power, and Deception

Under the leadership of wealthy businessman Jho Low, and with the backing of Najib Razak. 1MDB initiated substantial investments in countries like the United Arab Emirates, Qatar, and Saudi Arabia. Notably, the chain of command was peculiar. Najib Razak serving as the Prime Minister, Minister of Finance, and Chairman of 1MDB, consolidating decision-making power. This structure allowed decisions made by Low to be swiftly approved by Razak without significant scrutiny.

As 1MDB gained popularity as an investment body, Goldman Sachs, the American investment bank, entered the scene. Through intermediaries Tim Leissner and Roger Ng, Goldman Sachs facilitated deals between 1MDB and foreign firms. Their involvement raised suspicions. It particularly regarding the exorbitant commissions, reaching up to 10% in some cases. By 2015, investigative journalists and Malaysian opposition leaders began scrutinizing these discrepancies, signaling the beginning of widespread awareness.

In 2015, the Wall Street Journal reported millions intended for 1MDB. It had been diverted to Prime Minister Najib Razak’s personal account. Subsequent investigations revealed large sums from 1MDB had been funneled into Razak’s and Jho Low’s personal accounts. The money, sourced from Malaysian citizens through taxes for 1MDB, was misappropriated by the corrupt elite. Razak used the funds for extravagant gifts for his wife, Rosmah Mansor.

The United States Department of Justice launched a comprehensive investigation. The involvement of American companies, primarily Goldman Sachs. Many 1MDB deals were deemed suspicious, some proven illegal. Goldman Sachs played a role in this corruption, charging high commissions as part of their illicit arrangement with 1MDB. The investigation, concluding in 2016, labeled the 1MDB scandal the world’s largest case of kleptocracy.

Where to Watch

Witness the 1MDB scandal unfold on “Man on the Run” available on Netflix. This documentary dives into the intricate details of corruption, exposing the nexus between Jho Low, Najib Razak, and Goldman Sachs. A gripping exploration of power, deceit, and the world’s largest kleptocracy case.

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