The 1Malaysia Development Berhad (1MDB) Scandal: Exploring Malaysia's 2018 General Elections and the Case for Sovereign Wealth Funds
Seattle Pacific University Digital Commons @ SPU Honors Projects University Scholars Spring 6-7-2021 The 1Malaysia Development Berhad (1MDB) Scandal: Exploring Malaysia's 2018 General Elections and the Case for Sovereign Wealth Funds Chea-Mun Tan Seattle Pacific University Follow this and additional works at: https://digitalcommons.spu.edu/honorsprojects Part of the Economics Commons, and the Political Science Commons Recommended Citation Tan, Chea-Mun, "The 1Malaysia Development Berhad (1MDB) Scandal: Exploring Malaysia's 2018 General Elections and the Case for Sovereign Wealth Funds" (2021). Honors Projects. 131. https://digitalcommons.spu.edu/honorsprojects/131 This Honors Project is brought to you for free and open access by the University Scholars at Digital Commons @ SPU. It has been accepted for inclusion in Honors Projects by an authorized administrator of Digital Commons @ SPU. The 1Malaysia Development Berhad (1MDB) Scandal: Exploring Malaysia’s 2018 General Elections and the Case for Sovereign Wealth Funds by Chea-Mun Tan First Reader, Dr. Doug Downing Second Reader, Dr. Hau Nguyen A project submitted in partial fulfillMent of the requireMents of the University Scholars Honors Project Seattle Pacific University 2021 Tan 2 Abstract In 2015, the former PriMe Minister of Malaysia, Najib Razak, was accused of corruption, eMbezzleMent, and fraud of over $700 million USD. Low Taek Jho, the former financier of Malaysia, was also accused and dubbed the ‘mastermind’ of the 1MDB scandal. As one of the world’s largest financial scandals, this paper seeks to explore the political and economic iMplications of 1MDB through historical context and a critical assessMent of governance. Specifically, it will exaMine the economic and political agendas of former PriMe Ministers Najib Razak and Mahathir MohaMad.
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