Tag: 1Malaysia Development Berhad (1MDB)

Kleptocracy and kakistocracy feed on each other

     

In a kleptocracy, criminal behavior is not individual, opportunistic, or sporadic, but rather collective, systematic, strategic, and permanent. It is a system in which all the high-level government officials are complicit, where… Read more »

How Britain lets Russian kleptocrats hide dirty money

     

British financial complicity with Russian kleptocrats is undermining the country’s national security and democratic institutions, says analyst Oliver Bullough. Over the past decade, £68bn has flowed from Russia into Britain’s… Read more »

Malaysia poll confirms ‘no reason to give up on democracy’

     

  As Malaysia’s most powerful man, Najib Razak worked hard to keep the public from accessing information about a multi-billion dollar scandal at state fund 1MDB. Now they just might find… Read more »

‘Londongrad’: spy attack shines spotlight on kleptocratic haven

     

“Kleptocracy at its worst” is how US Attorney General Jeff Sessions recently characterized dealings at 1Malaysia Development Berhad (1MDB), a heavily indebted state development fund currently under investigation for fraud… Read more »