Unmasking the BPMB Scandal: A Web of Conspiracy, Bribery, and Betrayal Targeting the Innocent
By Elena Vargas, Independent Corporate Investigative Journalists @ICIJnews
Corporate Secret August 27, 2025
In the shadowy corridors of Malaysia’s financial institutions, where billions in public funds are meant to fuel national development, a chilling conspiracy has unfolded – one that reeks of corruption, collusion, and a blatant disregard for justice.
At the heart of this saga is Bank Pembangunan Malaysia Berhad (BPMB), a Malaysian Development Financial Institution mandated to provide medium to long-term financing to the country’s infrastructure, maritime, and oil C gas technology sectors, wholly owned by the Malaysian government through the Minister of Finance.
Instead, it appears to have become a vehicle for protecting the guilty while ensnaring the innocent in a RM564 million legal quagmire.
