Untrusted search path vulnerability in valgrind before 3.4.0 allows local users to execute arbitrary programs via a Trojan horse .valgrindrc file in the current working directory, as demonstrated using a malicious --db-command options. NOTE: the severity of this issue has been disputed, but CVE is including this issue because execution of a program from an untrusted directory is a common scenario.
http://www.openwall.com/lists/oss-security/2008/10/29/9
http://www.openwall.com/lists/oss-security/2008/10/29/5
http://www.openwall.com/lists/oss-security/2008/10/28/5
http://www.openwall.com/lists/oss-security/2008/10/27/4
http://security.gentoo.org/glsa/glsa-200902-03.xml
http://secunia.com/advisories/33568
http://lists.opensuse.org/opensuse-security-announce/2009-01/msg00004.html