Reacting to what is reportedly the biggest financial scandal in history, US authorities have subpoenaed documents from Goldman Sachs relating to the dealings of the 1Malaysia Development Berhad (1MDB).
Set up in 2009 by the Malaysian government, 1MDB is supposed to generate growth and establish the country as a financial hub.
However, according to the Wall Street Journal, at least US$1 billion has gone into the pocket of a person referred to in Department of Justice documents as “Malaysian Official 1” — widely reported to be Malaysian Prime Minister Najib Razak.
PKMM rally, 1946.
Radicals: Resistance & Protest in Colonial Malaya
By Syed Muhd Khairudin Aljunied
Northern Illinois University Press (NUI), 2015
228 pages
On a night in 2010, a crowd of onlookers gathered to watch the demolition of a 300 metre wall of the century-old Purdu prison in Kuala Lumpur, Malaysia’s capital.