Malaysia’s Prime Minister Najib Razak arrives at a presentation for government interns at the Prime Minster’s office in Putrajaya, Malaysia, July 8, 2015. Picture: REUTERS/Olivia Harris
Today, I published an op-ed on The Conversation, focused on making sense of the 1MDB scandal in Malaysia.
Malaysia in turmoil as PM focuses on survival
A serious political crisis is playing out in Malaysia, with no certainty as to when, or whether, it will be resolved. At the heart of this crisis is Prime Minister Najib Razak, who recently shut down an investigation into his financial affairs by the Malaysian Anti-Corruption Commission (MACC).
The investigation had been triggered by allegations in the Wall Street Journal that RM 2.6 billion (US$700 million) had been transferred to Najib’s personal accounts from companies linked to 1Malaysia Development Berhad (1MDB). 1MDB is a state-owned strategic development company that is reportedly RM42 billion (US$11 billion) in debt.