In a recent article published by TIMES on the 5 Facts That Explain the State of Global Corruption, they’ve listed the top 5 country which was said to be most corrupt.
Among the list was Brazil, South Africa, China, Russia and of course, our very own Malaysia truly Asia.
Malaysia was listed at the second spot of world corruption, behind Brazil.
The scandal of 1MDB was – and still is – a huge concern for Malaysians, that the case was so bad that it gained international attention.
Image source: businesstimes
Us Malaysians were tossed in a whirlwind when Najib and his politicians came up with excuses after excuses as to where the money came from before ‘revealing’ that it was a donation from a royal Saudi family.
“In 2009, Malaysian Prime Minister Najib Razak established a sovereign wealth fund called 1Malaysia Development Berhad (1MDB) to help the country attract foreign investment and boost its economy.
Long story short, by 2015, 1MDB owed investors $11 billion. As investigations of the state fund got underway, it was revealed that $681 million dollars had been deposited into Najib’s personal account. The prime minister copped to the money transfer, but claimed it was a “gift” from the Saudi royal family, about $620 million of which he says he has returned.
Two weeks ago, the 1MDB investigation uncovered that the total routed into Najib’s personal account was actually about $1 billion.”
When his attorney general, one who was leading the 1MDB investigation, Malaysia has shocked its own country and the world how corrupt Malaysia is after Najib fired the AG and tried to cover up the case with more lies.
TIMES also highlighted that our country is a de facto one-party country, that’s why Najib owes his position to his party, not the Malaysian people.
Polling at 23 percent, a record low for a Malaysian head of government, Najib tried whatever he could to strengthen his position within UMNO.
“Malaysia exemplifies how corruption drives can fall short in countries with a single political party and weak governing institutions.” Times wrote.
To read on the corruptions of the other 4 countries, more info here.