Malaysia at 60: The Promise Fades

On Aug. 31, Malaysia will celebrate – if that is the proper word – the 60th anniversary of its founding with its people subdued and with a government widely regarded as a kleptocacy. It is wracked with a continuing scandal that has robbed the exchequer of an estimated US$11.4 billion lost to fraud and mismanagement of its state-backed 1Malaysia Development Fund, its top government leaders being investigated in six countries including the United States.

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