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Corruption in Malaysia generally involves political connections still playing an important role in the outcome of public tenders. [2] Business executives surveyed in the World Economic Forum's Global Competitiveness Report 2013-2014 reveal that unethical behaviours of companies constitute a disadvantage for doing business in Malaysia. [3]
He later told the media that he was a political appointee and as Mahathir resigned as the prime minister, it was best for him to tender his resignation as well. [307] On 2 March, the chief commissioner of the Malaysian Anti-Corruption Commission (MACC), Latheefa Koya tendered her resignation from the post.
1MDB scandal was a large corruption, bribery and money laundering scandal which began in 2009 in Malaysia but became global in scope and was exposed in 2015. It was as described as "one of the world's greatest financial scandals" [ 1 ] [ 2 ] and declared by the United States Department of Justice as the "largest kleptocracy case to date" in 2016.
Malaysian prosecutors dropped corruption charges against Deputy Prime Minister Ahmad Zahid Hamidi on Monday, letting the leader of a key partner in the ruling coalition to walk free and raising ...
A Malaysian lawmaker from a youth-based party that pulled out of the ruling coalition over graft concerns has been found guilty of corruption by the Kuala Lumpur High Court, state news agency ...
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The 1Malaysia Development Berhad scandal, often referred to as the 1MDB scandal or just 1MDB, is an ongoing corruption, bribery and money laundering conspiracy in which the Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB) was systematically embezzled, with assets diverted globally by the perpetrators of the scheme. [13]
Hundreds of people staged an anti-government rally Saturday in the Malaysian capital, accusing Prime Minister Anwar Ibrahim of helping his key ally escape prosecution in exchange for political ...