05 Nov The legacy of Malaysia’s 1MDB scandal on politics and corruption-fighting
Established for “forging partnerships and advancing growth”, the 1Malaysia Development Berhad (1MDB) instead ended up at the centre of one of the world’s biggest financial fraud cases. In 2015, details emerged about how top Malaysian officials and their cronies had looted US$4.5 billion from the state investment fund. The widening scandal would eventually topple the government of former prime minister Najib Razak, set off a global investigation and make anti-corruption a political rallying point in Malaysia. But years later, how much progress has been made with holding the perpetrators to account? And what impact have the reforms had on Malaysia’s political landscape?