11 Jul '15, 1am

Clamour over 1MDB falls on deaf ears - Michael Peel (FT)

Clamour over 1Malaysia Development Berhad falls on deaf ears Michael Peel in Kuala Lumpur Financial Times 10th July 2015 Malaysia is gripped by the biggest financial scandal in its modern history—although you might not know it from the reaction of Najib Razak’s government. Claims of large-scale misappropriation at a state investment fund now embroil the prime minister — but he and his administration are trying to shrug it all off by dismissing it as a political plot. That curt response to the ever-widening 1MalaysiaDevelopment Berhad affair tells of the grip on power enjoyed by the ruling United Malays National Organisation since independence in 1957. “If there is no one shouting ‘I have been robbed’ why would anyone think there has been a robbery?” says Tony Pua, an opposition legislator, explaining the lack of official outrage over how a fund setup with the Malaysian peo...

Full article: http://blog.limkitsiang.com/2015/07/11/clamour-over-1mala...

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