PJ Media
Richard Fernandez
May 16, 2018
Unnoticed in the blizzard of "Russian collusion" news coverage are the dramatic events in Malaysia where the ruling party lost its 60 year old grip on power over voter anger at what has been dubbed the largest financial scandal in history. It was "a stunning, sudden fall for Najib Razak, Malaysia's 'Man of Steal'", wrote the New York Times. The fall was from the great height of nearly $5 billion abstracted from the 1Malaysia Development Berhad, the country’s state investment fund, known as 1MDB. “1MDB was a key factor in the election result,†said one NYT source. “The long-running scandal became indelibly associated with the endemic high-level corruption in the country.†It is also a case study in global money laundering.
Much of the stolen money wound up in the US. The American part of the Malaysian story deserves examination. According to Wikipedia:
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