Book Review: Definitive Dual Account of Malaysia’s 1MDB Scandal

Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood and the World. By Tom Wright and Bradley Hope. Hachette Books, soft cover, 379 pp. US$16.99 The Sarawak Report: The Inside Story of The 1MDB Expose. By Clare Rewcastle Brown. Gerakburaya Enterprise, Malaysian edition, Selangor, Malaysia. Soft cover, 566 pp. US6.99 on kindle, US$19.95, paperback

Will China Save Malaysia’s PM?

What price will Malaysia pay as the embattled 1Malaysia Development Bhd, the state-backed investment fund, sells power plants to China General Nuclear Power Corporation? Or, for that matter, China’s promise ... Read More...
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Malaysia Cracks Down on Whistleblowers

Earlier this year, scrambling for funds to make payment on its RM42 billion debt, the struggling 1Malaysia Development Bhd. turned to the government-backed Muslim pilgrim fund, which pays to send thousands of... Read More...
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Emails Blow Malaysia’s 1MDB Fund Wide Open

In December of last year, the controversial investment fund 1Malaysia Development Bhd abruptly called in all of its computers, employee laptops and servers and wiped them clean of all emails. (Read: Controversial Malaysian Investment Fund’s Computer Records W... Read More...
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Controversial Malaysia Fund Misses Payment

The failure of Malaysia’s ill-starred state run investment fund 1Malaysia Development Bhd to meet a RMB 2 billion (US$563 million) repayment to domestic banks spells bad news for Prime Minister Najib Tun Razak,... Read More...
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1MDB’s Dubious Middle Eastern Connections

In 2009, Jho Low Taek, the then 27-year-old investment wunderkind who persuaded Prime Minister Najib Tun Razak to establish the now-struggling 1Malaysia Development Bhd, also persuaded the fund to loan US$1 billion to help finance an oil exploration firm calle... Read More...