Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Malaysia gets new PM; further probes of prior regime coming

Tom Fox | May 14, 2018

The election of a new Prime Minster in Malaysia has heralded a potential investigation into the allegations of massive corruption carried out by the prior administration surrounding the country’s sovereign wealth fund, 1MDB.

The people of Malaysia are apparently fed up with the wide-ranging corruption pervasive in the country’s government. Last week, Malaysian citizens sent sitting Prime Minister Najib Razak into retirement by electing new Prime Minister Mahathir Mohamad. This is the first instance of a peaceful transition to new government in Malaysia since the country’s independence in 1957.

The election of the new Prime Minster, however, also heralded a potential investigation into the allegations of massive corruption carried out by the prior administration surrounding the country’s sovereign wealth fund, 1 MDB. One of the first things the new Prime Minister did was ban the old Prime Minister and his wife from leaving the country, increasing speculation that both...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.