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Business Unusual - How the Malaysian strategic development company, 1MDB was looted

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Konten disediakan oleh Primedia Broadcasting. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Primedia Broadcasting atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.

Malaysia’s 1MDB fund raised $6,5 billion in bonds with reportedly $4 billion (about R60 billion) being looted and shared among those that set up the fund and the Prime Minister of Malaysia.

The story thankfully reveals that the scam was discovered and that many involved are facing the consequences, but it has left Malaysia with a debt of over $7 billion.

The lessons for South Africa include just how long it takes to prosecute cases like this and how sentences may not seem to fit the scale of the crime, it also shows that even if you do expose the corruption you may not get to prosecute everyone.

Image credit: Siftography on 123rf.com

See omnystudio.com/listener for privacy information.

  continue reading

277 episode

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iconBagikan
 
Manage episode 322913309 series 1529968
Konten disediakan oleh Primedia Broadcasting. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Primedia Broadcasting atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.

Malaysia’s 1MDB fund raised $6,5 billion in bonds with reportedly $4 billion (about R60 billion) being looted and shared among those that set up the fund and the Prime Minister of Malaysia.

The story thankfully reveals that the scam was discovered and that many involved are facing the consequences, but it has left Malaysia with a debt of over $7 billion.

The lessons for South Africa include just how long it takes to prosecute cases like this and how sentences may not seem to fit the scale of the crime, it also shows that even if you do expose the corruption you may not get to prosecute everyone.

Image credit: Siftography on 123rf.com

See omnystudio.com/listener for privacy information.

  continue reading

277 episode

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