The Malaysian government of Prime Minister Najib Razak, beset by a swarm of scandals overseas, is doing its level best to make sure that as few as possible of the country’s 30.6 million citizens learn about them.
Unfortunately its efforts have not stopped the cascade of international stories in Switzerland, Hong Kong, Singapore, the United States and France that are making Malaysia look like Zimbabwe outside the country. Although they are leaking in, mostly the stories are not reaching deeply into the population. Now the domestic news portals that reprint them or print other news of the scandals are being blocked or threatened.
The New York Post on Feb. 28 joined the crowd, dropping a 1,200 word story saying US federal investigators “are probing what could end up being ‘one of the largest money-laundering frauds in the world’” – allegations over the flamboyant activities of the precocious Penang-born financier Jho Taek Low, who helped Najib set up the disastrous 1Malaysia Development Bhd., the government-backed state investment fund. Swiss authorities announced they are investigating 1MDB for money laundering in the loss of US$4 billion – immediately after Attorney General Mohamed Apandi Ali told a press conference he had cleared Najib of wrongdoing.
The Financial Times on Feb. 26 carried a full-page story raising questions about the activities of former Goldman Sachs Asia Vice President Tim Leissner in engineering the US$3 billion worth of bonds that launched 1MDB in the first place. Full story...
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Unfortunately its efforts have not stopped the cascade of international stories in Switzerland, Hong Kong, Singapore, the United States and France that are making Malaysia look like Zimbabwe outside the country. Although they are leaking in, mostly the stories are not reaching deeply into the population. Now the domestic news portals that reprint them or print other news of the scandals are being blocked or threatened.
The New York Post on Feb. 28 joined the crowd, dropping a 1,200 word story saying US federal investigators “are probing what could end up being ‘one of the largest money-laundering frauds in the world’” – allegations over the flamboyant activities of the precocious Penang-born financier Jho Taek Low, who helped Najib set up the disastrous 1Malaysia Development Bhd., the government-backed state investment fund. Swiss authorities announced they are investigating 1MDB for money laundering in the loss of US$4 billion – immediately after Attorney General Mohamed Apandi Ali told a press conference he had cleared Najib of wrongdoing.
The Financial Times on Feb. 26 carried a full-page story raising questions about the activities of former Goldman Sachs Asia Vice President Tim Leissner in engineering the US$3 billion worth of bonds that launched 1MDB in the first place. Full story...
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