October 31, 2015

Multi Billion Dollar Scandal in Malaysia





[From article]
[Wall Street Journal]
It is a story of political intrigue, backroom politics and billions of dollars in missing money. At the center of it all is Prime Minister Najib Razak, who founded 1MDB. A Malaysian government probe found that nearly $700 million moved through banks, agencies and companies linked to 1MDB before being deposited into Mr. Najib’s alleged private bank accounts ahead of a close election. The source of the money is unclear, though in August, Malaysia’s anticorruption body said the funds were a donation from the Middle East. The donor wasn’t specified.
[. . .]
The context is important here. Malaysia has a diverse population, with Muslim ethnic Malays in a smallish majority, but with a substantial minority of infidel Chinese and Indians. The Malays insist that the country is officially Islamic, and resent strongly the economic success of the minorities, so much so that affirmative action with explicit quotas has been practiced for many years.

http://www.americanthinker.com/blog/2015/10/multibilliondollar_scandal_in_malaysia_has_echoes_for_american_conservatives_.html

October 26, 2015
Multibillion-dollar scandal in Malaysia has echoes for American conservatives
By Thomas Lifson

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